RACC to decrease issued capital

Updated 6/1/2021 8:02:00 PM

ArabFinanceRaya Contact Center (RCC) (RACC) got the Financial Regulatory Authority's (FRA) go-ahead to decrease its capital to EGP 109.227 million from EGP 111.364 million, according to FRA's statement filed to the Egyptian Exchange.

The decrease will be through writing off 4.27 million shares at a par value of EGP 0.5 per each. 

The company posted a consolidated net profit before the minority interest of EGP 1,752,052 in quarter one of 2021. 

Raya Contact Center, a fully owned subsidiary of Raya Holding,  awarded 2021’s Gulf Customer Experience Awards (GCXA), RCC said.

RCC is an Egypt-based company engaged in the provision of business process outsourcing services. Its services are structured into four divisions: contact center, back office, inside sales, and professional services.