Egyptian tycoon Medhat Mohamed Khalil abandons sale of Raya Foods to Helios
Medhat Khalil's Raya Holding cancelled the sale of Raya Foods to Helios after conditions went unmet, eight months after board approval.
Raya Holding
Egyptian tycoon Medhat Khalil’s Raya bids $31.7 million to tighten grip on outsourcing arm
Raya Holding moves to lift stake in outsourcing arm RAYA CX to 90 percent with $31.7 million tender offer as the unit posts stronger profit growth.
Egyptian businessman Medhat Khalil’s Raya secures $20.6 million credit facility
Raya Holding’s tech arm secures $20.8 million facility from MIDBANK to fuel digital expansion, support Egypt’s transformation, and scale national tech projects.
Raya Holding secures $25 million investment to build advanced tier III data center in Egypt
Raya Holding has secured $25 million in funding to build a cutting-edge Tier III data center in Egypt, marking a key step in the country’s digital transformation and regional tech hub ambitions.
Raya Holding posts record-breaking Q3 2024 financial results
Raya Holding’s Q3 2024 results highlight remarkable growth and profitability despite challenging global economic conditions.
Medhat Khalil loses $2.96 million from Raya Holding
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
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.
Egyptian tycoon Medhat Khalil’s stake in Raya Holding surges by $21.1 million
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
Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
Egyptian tycoon Medhat Khalil gains $11.7 million from investment in Raya Holding
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Egyptian businessman Medhat Khalil’s Raya Holding to secure $35.5-million loan
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
Egyptian tycoon Medhat Khalil hit by $8.5-million loss in Raya Holding stake
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.