Cairo – Raya Holding for Financial Investments announced that its subsidiary Raya Electronics received consumer finance licence from the Financial Regulatory Authority (FRA), according to a bourse disclosure on Wednesday.
It is worth mentioning that during the first quarter of 2020, Raya Holding incurred net losses of EGP 68.8 million, up by 162% from EGP 26.2 million in the year-ago period, including minority shareholders’ rights.
Source: Mubasher
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