Table of Contents
Egyptian businessman Medhat Khalil, founder and chairman of Raya Holding, has recorded a substantial increase in the market value of his stake in the Egypt-based investment conglomerate, thanks to a recent upswing in the group’s shares on the Egyptian Exchange.
Data compiled by Billionaires.Africa reveals that the market value of Khalil’s stake in Raya Holding has increased by $3.2 million in just 12 days, as investors continue to acquire stakes in Raya Holding.
This recent gain follows a loss of $8.5 million that Khalil suffered between Aug. 25 and Sept. 28, when the market value of his stake in Raya Holding declined from EGP 3.06 billion ($99.18 million) to EGP 2.8 billion ($90.7 million).
Raya Holding, formed in 1999 due to a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape. Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Egyptian tycoon Medhat Khalil’s stake in Raya Holding is now worth $88 million
The share price of Raya Holding on the Egyptian Exchange has experienced a 3.81-percent surge since Oct. 9, rising from EGP2.10 ($0.068) to EGP 2.18 ($0.071) at the time of reporting, thus pushing the market capitalization beyond $150 million.
This single-digit percent surge in the group’s shares has caused Khalil’s stake in the conglomerate to increase by EGP99.65 million ($3.2 million) in recent times, from EGP2.62 billion ($84.80 million) on Oct. 9 to EGP2.72 billion ($88.04 million) at the time of writing this report.
This remarkable surge solidifies his position as one of Egypt’s leading multimillionaires and one of the richest investors on the Egyptian Exchange.
The intelligence satisfies curiosity. The paid briefings satisfy strategy.
Every Monday, Elite subscribers receive an Investor Memo breaking down the deal, the structure and the positioning behind the week's most consequential African wealth story - the kind of analysis that doesn't appear anywhere else.
Twice a month, a Wealth Intelligence brief profiles a single billionaire's holdings, cash flows and expansion pipeline in detail no public source matches.
→ Executive ($25/mo): Daily newsletter + Deep-Dive Reports
→ Elite ($75/mo): Everything above + Investor Memos + Wealth Intelligence + Quarterly Analyst Briefings
Subscribe now
