Arab Finance: A company agreed ASCM ASCMHeld on 23-06-2025 to apply for a offer to purchase 90% of the land transport fleet-one of the subsidiaries of the group Raya Financial Investment Holding – (Raya)And, through one of the first companies, according to Statement The Egyptian Stock Exchange.
Where the council agreed to proceed with the study of that deal to purchase the total share of Raya Holding, amounting to 90%, with a total number of 77.941 million shares, and the purchasing value within the offer amounted to 8.224 pounds per share, with a total value of the deal amounting to about 641 million pounds (which represents the cash amount to buy shares).
On the results of her collected and unacceptable business for the period from 01/01/2024 to 09/30/2024, she showed a net profit achievement Assembly It amounted to 67.671 million pounds, compared to the company's achievement of a net profit of 2.260 billion pounds during the same period in the previous year.
In the same context, the company achieved net losses Independent For the period from 01/01/2024 to 09/30/2024, estimated at 318.868 million pounds, for a net profit of 15.27 million pounds, during the comparative period of the previous fiscal year.
It is worth noting that net profits or losses of the year are calculated according to the share of the owners of the parent company.
The company was established in 1999, operating in the field of mining and the production of calcium carbonate, sandy glass, gravel, gypsum, silica, kaolin, limestone, and other relevant minerals. The company is also working in exploration for gold, copper and silver. Provides geological surveys, quarry management and bombing services, manufacturing and maintenance of mining machines, manufacturing glass rock insulation materials.
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