Arab Finance: An ownership transfer transaction has been executed on 2.760 million shares of Raya Holding for Financial Investments (RAYA) at a value of EGP 9.522 million under the employee stock ownership plan (ESOP), the Egyptian Exchange (EGX) announced on October 30th.
Established in 1999 and listed on EGX in 2005, Raya Holding 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.