EGS690C1C010.CA is trading 4.2% down at $7.10 as investors engage in profit-taking following Raya Holding’s approval of a major strategic divestment and pivot toward new sectors.
- The company is finalizing the sale of its 90% stake in Ostool Transport and Logistics for EGP 641 million.
- Proceeds from the sale are being redirected to back new ventures in the fintech and water-tech industries.
- The current pullback reflects portfolio repositioning after an initial positive market reaction to the company's strategic reshuffle.