Raya Holdings completes $24.7-million deal to boost growth
This move is seen as a critical step to accelerate Raya's growth trajectory and enhance its operational capabilities.
This move is seen as a critical step to accelerate Raya's growth trajectory and enhance its operational capabilities.
Egyptian businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment conglomerate
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape.
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
Khalil owns a controlling stake of 58.1 percent in Raya Holding, equivalent to a substantial 1,245,661,205 shares.
The decline in Raya Holding’s shares and the resulting impact on Khalil’s net worth underscores the challenges investors face amid the current economic climate.
Raya Holding is an Egyptian investment conglomerate formed in 1999 by the merger of entities owned by Khalil and Orascom Group.
Khalil owns a 58.1 percent stake in Raya Holding.
Khalil owns 58.1 percent of the company, or 1,245,661,205 shares.