Home » Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm

Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm

Pioneering the future with Raya Holding's 90-percent acquisition

by Yusuf Abdulfatai
Medhat Khalil

Raya Holding for Financial Investments, led by Egyptian businessman Medhat Khalil, has officially acquired a substantial 27.69 percent stake in Ostool Transport and Logistics Company. This acquisition, equivalent to 23.9 million shares, comes as part of Raya Holding’s broader growth strategy in the Egyptian investment landscape.

The shares, acquired from the Egyptian Gulf Holding for Financial Investments, await pending approvals for the transaction’s finalization. Despite the regulatory process, all parties involved express confidence in a swift and seamless completion of the deal. This move underscores Raya Holding’s commitment to expanding its influence in the dynamic logistics sector.

Ostool Transport & Logistics: Pioneering the future with Raya Holding’s 90 percent acquisition

Ostool Transport and Logistics Company, a stalwart in the industry since its inception in 2010, specializes in trucking, logistics, warehousing, and unloading of shipping containers.

The company has carved a niche for itself, standing out in an increasingly competitive market through the seamless integration of advanced technology. This strategic acquisition by Raya Holding marks a pivotal moment for Ostool, as the company’s capital ownership will surge to an impressive 90 percent.

The entirety of the deal’s value has already been disbursed to the sellers, emphasizing Raya Holding’s commitment to the transaction and showcasing its dedication to advancing its position in the logistics sector. This move aligns with Raya Holding’s growth strategy and further solidifies its standing in the Egyptian investment landscape.

Raya eyes $35.5 million loan for logistics venture and bolsters technical solutions for banking and IT clients

Established in 1999 following a merger between entities owned by Khalil and Orascom Group, Raya Holding has solidified its position as a prominent player in the Egyptian investment landscape. Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.

In parallel with the logistics acquisition, Raya Integration, the parent company overseeing Raya Information Technology, is in advanced discussions to acquire a $35.5-million medium-term syndicated loan. The financing arrangement, structured as credit limits, aims to streamline the issuance of bank letters of guarantee.

This facility agreement plays a crucial role in expediting the execution of the company’s new projects, with a focus on technical solutions. Additionally, it will strengthen the development of information infrastructure, catering specifically to clients in the banking, communications, and information technology sectors.

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