The Clap
Raya Holding (RAYA) met with Rami El Dokany, Chairman of the EGX, to discuss the potential listing for Raya’s subsidiaries, according to AlMal.
The Deets
The companies up for discussion about a possible listing on the EGX are “Aman Holding” and “Raya for Trade and Distribution”.
Raya Holding confirmed that there are plans to offer a stake in Aman, but that will depend on market conditions.
As for Raya Trade and Distribution, listing it on the EGX depends on increasing the number of its branches and working to improve the consumer finance sector in its activities.
Why this Matters
The meeting is in line with EGX’s strategy to encourage companies to list on the EGX and gather opinions on how to improve the performance of the market.
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