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 businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment conglomerate
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares in the group.
The recent surge solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Executives within Raya Holding emphasized that the IPO is designed to provide potential investors with an opportunity to acquire a stake in Raya Information Technology.
A concise look at the most significant events in African wealth dynamics over the past week.
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
Khalil owns a majority stake of 58.1 percent in Raya Holding — a total of 1,245,661,205 shares.
Khalil’s stake in Raya Holding is now worth $88 million.
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.
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
Khalil owns a controlling stake of 58.1 percent in Raya Holding, equivalent to a substantial 1,245,661,205 shares.
The decline in Raya Holding’s shares and the resulting impact on Khalil’s net worth underscores the challenges investors face amid the current economic climate.
Raya Foods is a subsidiary of Raya Holdings, the investment group founded by Khalil.
Raya Holdings is an investment group.
Raya Holding is an Egyptian investment conglomerate formed in 1999 by the merger of entities owned by Khalil and Orascom Group.