Arab Finance: 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, as per a disclosure.
The board also approved the full sale of its stake in Ostool Transport and Logistics for a total of EGP 641 million, equivalent to EGP 8.224 per share.
In July 2025, the board approved in principle an offer from a subsidiary of ASEC Company for Mining (ASCOM) to fully acquire Raya Holding's stake in Ostool Transport and Logistics.
As per a press release by Prime Capital, the advisor said the FV was based on a detailed financial and operational analysis reflecting the nature of Ostool’s business and the characteristics of the transport and logistics sector, while adhering to professional standards and best practices for independent financial valuations.
Mohamed Soliman, Managing Director of Prime Capital, said the transaction reflects the company’s experience in preparing independent financial valuations for strategic deals, particularly in operational sectors that require specialized financial and operational analysis.
Prime Capital added that the completion of the study forms part of its broader role in providing financial advisory services and independent valuations for strategic transactions in the Egyptian market.
Moreover, Raya's board agreed on establishing a company specializing in AI, with an issued capital of EGP 250 million and paid-up capital of EGP 30 million.
The board also approved for Aman Holding to increase its issued and paid-up capital by EGP 524.8 million to reach EGP 2.469 billion.
Raya Holding is a Cairo-based auspicious investment conglomerate managing a diversified investment portfolio. The company operates in the fields of information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, e-payment solutions, and non-banking financial services.
