Arab Finance: Company announced Raya Holding for Financial Investments – (RAYA)announced attracting an investment worth approximately $40 million for its subsidiary Raya Foods, led by Helios Investment Partners, the largest Africa-focused investment fund that manages investment funds worth approximately $3 billion.
Under this investment, Helios will acquire 49% of Raya Foods shares, which strengthens their strategic partnership with the company and supports future growth plans. This investment aims to enhance Raya Foods’ capabilities in manufacturing and exporting frozen foods, and expand into global markets to achieve sustainable growth and enhance its contribution to driving The wheel of the national economy.
This financing also comes within Raya Holding's strategic plan to expand into international markets through its leading company, Raya Foods, by increasing its production capacity to meet the growing demand for manufacturing and exporting food products. The company is also committed to providing products that are in line with the latest trends in the global food market. Including dried vegetables and fruits. It should be noted that Raya Foods currently exports its products to more than 50 countries, with a special focus on the European and American markets.
It also ranks second in Egypt as the second largest exporter of frozen vegetables and fruits, and seeks to become the largest exporter in Egypt and the first company to manufacture and export frozen vegetable and fruit products.
On its consolidated business results for the financial period ending on 06/30/2024, it showed achieving revenues of 14.511 billion pounds, an increase of 38% compared to the previous year, according to what the company stated in Disclosure Sent to the Egyptian Stock Exchange.
On a quarterly basis, the company achieved revenues amounting to 9.675 million pounds, an increase of 21% year-on-year.
Raya Holding is a Cairo-based investment group that manages a diversified investment portfolio, working in the fields of information technology, data center outsourcing, communications centers, smart buildings, consumer electronics, food and beverages, land transportation, and electronic payment methods, as the parent company of eleven companies practicing different types of activities and achieving remarkable success.
Raya Holding shares have been listed on the Egyptian Stock Exchange since 2005. Because the company employs more than 13,000 competent employees who meet the needs of a broad base of customers around the world from the company’s branches in the Arab Republic of Egypt, the Kingdom of Saudi Arabia, the United Arab Emirates, Poland and Nigeria.
Related news
