Arab Finance: Raya Holding for Financial Investments’ (RAYA) extraordinary general meeting (EGM) has approved decreasing its issued capital via writing off 3.346 million treasury shares, according to a filing on May 13th.
Accordingly, the capital will be decreased by EGP 1.673 million.
Established in 1999 and listed on EGX in 2005, Raya Holding operates within the software and services sector, focusing on information technology consulting and other services.
It has subsidiaries operating across North America, the British Islands, Northern Africa, Western Africa, and the Middle East.