Raya Holding Explores Establishing Egypt”s First Digital Bank via ”Aman” in Partnership with International Investors
Strategic Step Towards Enhancing Digital Transformation and Payments
Raya Holding for Financial Investments is seeking to expand its presence in the financial services and digital payments sector by planning to establish a new digital bank through its subsidiary, "Aman Holding," in collaboration with an alliance of international partners.
Preparation Stages and Application Submission to the Central Bank
In an official disclosure to the Egyptian Exchange (EGX), the company clarified that the project is currently in the stage of preparing the necessary technical and financial studies as well as regulatory requirements. This comes in preparation for submitting them to the Central Bank of Egypt (CBE) to obtain the necessary licenses and official approvals to initiate operations.
Operational Conditions and Compliance with Regulatory Standards
Raya Holding emphasized that launching the bank and commencing its operations remain entirely contingent upon satisfying all regulatory requirements and obtaining approval from the Central Bank of Egypt and relevant governing authorities, in accordance with the legislative frameworks governing the banking sector.