Raya Holding for Financial Investments Board Approves Sale of Raya Foods as Part of Portfolio Optimization Strategy
Raya Holding for Financial Investments announced that its Board of Directors has granted preliminary approval for the sale of 100% of the issued and paid-up share capital of Raya Foods, one of the Group’s portfolio companies. The Board also resolved to convene an Extraordinary General Assembly to review and consider the proposed transaction.
Final approval by the Board of Directors will be subject to the completion of an independent financial advisor’s fair value report on Raya Foods’ share capital, as well as the approval of the Company’s auditor. This process reflects Raya Holding’s disciplined and structured approach to portfolio management, in line with best practices as a publicly listed investment company.
During Raya Holding’s ownership, Raya Foods recorded significant operational and market achievements, strengthening its position as one of the leading exporters of frozen fruits. The company became the world’s number one exporter of frozen strawberries, expanding its footprint to more than 50 international markets, underscoring the robustness of its operating platform and long-term growth trajectory.
With a track record spanning more than 26 years, Raya Holding operates as an active investment company with a proven model focused on building, scaling, and, when appropriate, exiting businesses to maximize value creation and optimize capital allocation. Within this framework, the Group continues to prioritize investments where it holds strong leadership positions and scalable business platforms, while maintaining a diversified and dynamic portfolio.
Over the years, Raya Holding has successfully executed several high-profile exits through strategic sales and capital market transactions, including e-Finance, Fawry, Raya Telecom, Rameda, and Bariq. These transactions highlight the Group’s ability to generate value across market cycles and redeploy capital efficiently into high-growth opportunities aligned with its long-term strategy.
Raya Holding reaffirmed its commitment to transparency, strong governance, and sustainable value creation for shareholders, noting that all portfolio decisions continue to be assessed through a disciplined, long-term investment perspective.