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Raya Holding for Financial Investments reported a sharp rise in profits for the first half of 2025, highlighting the strength of one of Egypt’s most diversified investment groups and underscoring the influence of its largest individual shareholder, Medhat Mohamed Ibrahim Khalil.
Net profit attributable to the holding company climbed 36.3% year-on-year to EGP 892 million ($18.7 million) from EGP 654 million ($13.7 million), according to the company’s financial indicators. Revenues also surged, rising 38.3% to EGP 27.8 billion ($581 million) compared with EGP 20.1 billion ($420 million) a year earlier.
The results mark a turnaround for the Cairo-based group, which operates in technology, financial services, logistics, and retail. Raya swung to a standalone net profit of EGP 580 million ($12.1 million) in the first half of 2025 after posting a loss of EGP 85.9 million ($1.8 million) in the same period last year. Non-consolidated profits jumped to EGP 1.25 billion ($26.2 million) at the end of June, up from EGP 340 million ($7.1 million) a year ago.
Khalil, who holds a 17.67% stake in Raya, has been central to its evolution from a small tech distributor into a sprawling conglomerate and investment firm encompassing electronic payments, microfinance, restaurants, food trading, and vehicle assembling. His stake is currently worth around $50 million.
