}

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Ascom's board approves 90% stake acquisition in Raya Holding’s Ostool Transport

The board of Asek Company for Mining (Ascom) agreed on acquiring 90% of Ostool Transport’s shares in exchange for EGP 641 million.

Updated 47m5h
Raya Holding approves sale of Ostool stake following Prime Capital FV study

Raya Holding for Financial Investments' board of directors has approved the fair value study (FV) prepared by its independent financial advisor Prime Capital, and endorsed the auditor’s report issued by United for Auditing, Tax, Advisory, and Financial Services (UHY) after receiving a no-objection approval from the Financial Regulatory Authority (FRA) on the FV for Ostool Transport and Logistics at EGP 6.3 per share.

Updated 5/14/2026 10:56:00 AM
Raya Holding to acquire 27.69% stake in Ostool for Land Transport Company

Raya Holding for Financial Investments (RAYA) has signed an agreement to acquire a 27.69% ownership stake in Ostool for Land Transport Company, owned by Egyptian Gulf Holding for Financial Investments.

Updated 12/13/2023 10:01:00 AM