Raya Holding seeks to offer stake in 3 subsidiaries on EGX: Chairman

Updated 1/21/2024 2:31:00 PM
Raya Holding seeks to offer stake in 3 subsidiaries on EGX: Chairman

Arab Finance: Raya Holding for Financial Investments is planning to offer a stake in three subsidiaries for sale on the Egyptian Exchange (EGX), the company’s Chairman Medhat Khalil told Asharq Business.

The subsidiaries are Raya Trade, Raya Information Technology, and Aman for Financial Services, Khalil highlighted.

He pointed out that his group had partnered with China’s electric vehicle (EV) manufacturer XPENG to start assembling and manufacturing EVs in Egypt within three years.

Moreover, the group is working with its Saudi partner on finalizing the necessary producers for operating Aman Holding soon.

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