Egypt's Raya Holding okays cash dividends to shareholders
Raya Holding is poised to issue $37.35mln securitization bond for its subsidiary, Aman Financial Services, to finance its expansion plan
Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Arab Finance
Egypt - Raya Holding Company for Financial Investments’ (RAYA) ordinary general assembly approved annual cash dividends to shareholders of EGP 0.045 per share for the financial period ending March 31st, according to the company’s statement released on June 21st.
Raya Holding is poised to issue EGP 585 million securitization bond for its subsidiary, Aman Financial Services, to finance its expansion plan.
The company has also prepared the prospectus for the subscription of the securitization bonds program to be issued and sent it to the Financial Regulatory Authority (FRA) for approval.
Established in 1999 and listed on EGX in 2005, Raya operates within the software and services sector, focusing on information technology consulting and other services. It has subsidiaries operating across North America, the British Islands, Northern Africa, Western Africa, and the Middle East.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW