To further drive digital transformation in Egypt and prepare for the IPO, Raya IT entered into a strategic agreement with Al Baraka …
Raya Holding
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Chairman Medhat Khalil lowers stake in Raya Holding, showcasing dynamic changes in Egypt’s financial sector.
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Egyptian businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment …
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Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
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Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.Â
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Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
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Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the …
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This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
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Khalil owns a controlling stake of 58.1 percent in Raya Holding, equivalent to a substantial 1,245,661,205 shares.
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The decline in Raya Holding’s shares and the resulting impact on Khalil’s net worth underscores the challenges investors face amid the current …