Raya Holding
Upon the successful closure of this acquisition, Raya Holding's ownership in Ostool will increase to 90 percent, as disclosed by the company on the Egyptian Exchange (EGX)
The share of non-controlling interests reached profits of LE 15.99 million during 2020, compared to LE 55.94 million in 2019.
Work will be done to obtain the approval of the Board of Directors of Aman Financial Services Company, the company's general assembly, and all other regulatory and governmental approvals prior to the completion of the securitization process to be carried out.
The company’s issued capital will be raised to LE 630.6 million up from LE 504.6 million through bonus shares issue.
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