Arab Finance: Raya Information Technology Company, one of the subsidiary companies of… Raya Holding for Financial InvestmentsIt signed a cooperation protocol with the Suez Canal Bank, according to which Raya Company was granted a package of credit facilities worth 1.2 billion pounds, as reported in Her statement Sent to the Egyptian Stock Exchange.
The company said that this cooperation comes within the framework of Suez Canal Bank’s endeavor to support the technology sector in Egypt and deepen its commercial partnerships, which allows opening new horizons for future cooperation with partners, by providing credit facilities that enable them to expand the scope of their business and achieve their strategic goals.
For his part, Hisham Abdel Rasoul, CEO of Raya Information Technology Company, said that this step represents a new beginning for Raya Information Technology Company towards enhancing its presence and expanding the scope of its business in the Egyptian market.
Abdel Rasoul added: “This agreement is not only an enhancement of our commercial business, but is part of a broader vision to advance the digital and economic transformation in Egypt,” noting that cooperation with the Suez Canal Bank is an important step for Raya in light of the current economic challenges, which opens up horizons. Broad for growth and innovation.
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