Arab Finance: Raya Holding for Financial Investments transferred 3.5 million issued shares on July 27 under its employee stock incentive program, according to a disclosure to the Egyptian Exchange (EGX).

The transaction was executed at a total value of EGP 26.565 million.

Previously, on June 26, Raya Holding announced the transfer of nearly 3.353 million issued shares under its employee incentive and reward scheme. The transaction was valued at EGP 23.877 million.

Raya Holding is a Cairo-based auspicious investment conglomerate managing a diversified investment portfolio. The company operates in the fields of information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, e-payment solutions, and non-banking financial services.