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Raya Holding for Financial Investments, the Egyptian conglomerate chaired by tycoon Medhat Khalil, increased its revenue by 9.5% to EGP49.8 billion ($900 million) in the first nine months of 2026.
The figure compares with EGP45.5 billion ($822 million) in the same period last year, the Cairo-based group said in a statement on its consolidated results for the nine months ended Sept. 30, released on Nov. 12.
The pace of growth has slowed sharply. Raya's revenue rose about 41% to EGP63.8 billion ($1.15 billion) in 2025, driven by growth across its businesses and expansion in Saudi Arabia.
Profit has also come under pressure this year. Net profit attributable to shareholders fell 17.15% to EGP739.1 million ($13.4 million) in the first half of 2026. In the first nine months of 2025, the group earned EGP1.63 billion ($29.5 million), a 47% increase on the year before.
Outsourcing unit grows
Raya Contact Center, the group's listed outsourcing and customer-service business now known as Raya CX, reported its own nine-month figures a day earlier. Its consolidated net profit attributable to shareholders rose 13.75% to EGP247.4 million ($4.5 million) from EGP217.5 million ($3.9 million), according to financial statements filed with the Egyptian Exchange on Nov. 11. Its standalone profit after tax climbed to EGP62.7 million from EGP41.9 million.
Raya is putting more money into technology. On Nov. 8 it told the Egyptian Exchange that it had signed three cloud computing and cybersecurity agreements, including one with U.S. software company Nutanix Inc., on the sidelines of the Cairo ICT 2026 exhibition. In September, its board approved up to $60 million to fund the proposed purchase of an Egyptian data center through a capital increase in its Raya Data Center unit.
Khalil's group
Khalil founded Raya as a technology distributor and built it into one of Egypt's largest private conglomerates, with businesses spanning IT services, call centers and outsourcing, consumer electronics, electronic payments, microfinance, logistics, and food and restaurants.
He is the group's chairman and its largest individual shareholder, with a 17.67% stake.
Figures were converted at EGP55.34 to the dollar.
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