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Raya Holding has secured $25 million in funding to build a cutting-edge Tier III data center in Egypt, marking a key step in the country’s digital transformation and regional tech hub ambitions.
Raya Holding’s Q3 2024 results highlight remarkable growth and profitability despite challenging global economic conditions.
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
This move is seen as a critical step to accelerate Raya's growth trajectory and enhance its operational capabilities.
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 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, holding a total of 1,245,661,205 shares.
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 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.
