Raya Holding executes EGP 23.9M employee incentive share transfer

Raya Holding for Financial Investments announced the transfer of nearly 3.353 million issued shares under its employee incentive and reward scheme, according to a disclosure to the Egyptian Exchange (EGX).

The transaction was valued at EGP 23.877 million.

Raya Holding is a Cairo-based auspicious investment conglomerate managing a diversified investment portfolio. The company operates in the fields of information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, e-payment solutions, and non-banking financial services.

Raya Holding shares have been listed in the Egyptian Exchange (EGX) since 2005, while the company empowers more than 13,000 proficient employees, accommodating a wide international customer base from offices based in Egypt, Saudi Arabia, the UAE, Poland, and Nigeria.