Table of Contents
Key Points
- Raya Integration obtains $20.8 million to boost digital capacity, enterprise solutions, and support Egypt’s smart infrastructure and automation agenda.
- MIDBANK facility targets medium- to long-term growth of Raya Holding’s tech arm through agile and scalable tech deployments.
- The funding aligns with Egypt’s Vision 2030, reinforcing Raya’s strategic role in national digital transformation across key economic sectors.
Raya Holding, a Cairo-based conglomerate and key player in the Egyptian investment landscape led by tycoon Medhat Khalil, has secured an integrated credit facility worth $20.8 million from MIDBANK to drive digital expansion and national transformation efforts.
The facility, structured to support Raya Integration's medium- to long-term growth, reflects MIDBANK’s confidence in the company’s role as a key technology enabler in Egypt’s evolving digital ecosystem. It will be used to accelerate strategic projects, expand technological capacity, and deliver cutting-edge solutions across key sectors of the economy.
Boosting Egypt’s digital transformation agenda
The EGP1 billion ($20.8 million) financing aligns with Egypt’s broader digital transformation agenda, positioning Raya Integration to play a central role in advancing national infrastructure, automation, and smart services. The company plans to leverage the funds to support enterprise digitization and enhance client delivery capabilities in both public and private sectors.
Raya Integration and MIDBANK’s agreement marks a vote of confidence in the long-term resilience and innovation-led growth strategy of Raya Holding’s tech portfolio. The collaboration is also expected to unlock new value for stakeholders through more agile, scalable tech deployments.
Raya Holding’s strategic tech footprint
The facility arrives as Raya Holding continues to expand its presence in fintech, information systems, and business process outsourcing across Egypt and the wider MENA region. The group’s diversified portfolio underscores its commitment to bridging the digital divide, enabling smarter operations, and contributing to Egypt’s Vision 2030 digital economy goals.
With this milestone, Raya Integration reinforces its reputation as a trusted implementation partner for national-scale transformation projects and next-gen tech rollouts.
Khalil’s Raya powers Egypt’s tech future
Raya Holding, established in 1999 through a merger between entities owned by Medhat Khalil and Orascom Group, has become a prominent player in Egypt’s investment scene. Khalil maintains a commanding 58.1-percent majority stake in Raya Holding.
Under Khalil, Raya Holding has evolved into a diversified investment powerhouse with operations spanning information technology, consumer finance, smart buildings, logistics, and contact center outsourcing. His strategic vision has positioned Raya Holding as a catalyst for innovation and digital transformation across Egypt and the wider region.
The latest EGP1 billion ($20.8 million) facility secured by Raya Integration underscores Khalil’s continued focus on scaling the group’s technology portfolio, strengthening its role in Egypt’s digital future, and delivering long-term value to shareholders through innovation-led growth.
