Raya Holding is finalizing the sale of its 90% stake in Ostool Transport and Logistics to Ascom Mining Group for EGP 641 million. The transaction values Ostool at EGP 8.22 per share, representing a 30.5% premium.
- The board approved a new fintech startup in partnership with Disruptech Ventures, capitalized at USD 2 million.
- Several expansion initiatives were greenlit, including a new EGP 250 million AI venture and a cybersecurity spin-off.