Raya Information Technology secures EGP 1.2B in credit facilities from Suez Canal Bank

Updated 10/10/2024 10:45:00 AM
Raya Information Technology secures EGP 1.2B in credit facilities from Suez Canal Bank

Arab Finance: Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, has signed a cooperation protocol with Suez Canal Bank to receive credit facilities totaling EGP 1.2 billion, as per a disclosure.

This agreement aims to support Raya’s expansion plans and strengthen partnerships in Egypt’s technology sector.

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