RAYA Corporation

What RAYA Corporation does

RAYA Corporation (legally Raya Holding for Financial Investments) is a publicly-listed Egyptian investment holding company founded in 1999 and listed on the Egyptian Exchange under ticker RAYA.CA since 2005. Headquartered in Giza, the group operates 10 portfolio companies and more than 40 subsidiaries spanning technology and infrastructure, retail and distribution, business process outsourcing, fintech, manufacturing (automotive, electric appliances, food), hospitality, and logistics. It maintains operational presence in seven jurisdictions — Egypt, Saudi Arabia, the UAE, Bahrain, Poland, Nigeria, and Tanzania — and serves customers in more than 50 countries through a workforce of over 20,000 supporting approximately 3 million daily customer interactions.

Core offerings sit in three clusters. The IT cluster, anchored by Raya Information Technology, sells banking automation, cash management and self-service kiosks through a 25-year exclusive partnership with Diebold Nixdorf (more than 60% market share of Egyptian ATMs) plus Cisco-led cybersecurity. The financial-inclusion and consumer cluster combines Aman Holding's 250+ branches of e-payments, microfinance and consumer finance (license No. 494 of 2020, first-of-its-kind in Egypt) with Ostool's 251 owned and 700+ contracted logistics vehicles. The industrial cluster runs Raya Auto's XPENG electric-vehicle distribution, Raya Electric's Manufacturing-as-a-Service build for LG air-conditioners, Raya Foods' 35,000-tons-per-year frozen-fruit and vegetable exports under Lazah and Everest, and BariQ's PET recycling facility (the only MENA site with EFSA, Health Canada and FDA food-grade certifications). Raya CX adds Egypt's largest BPO platform, recognized as Major Contender and Star Performer in Everest Group's CXM PEAK Matrix and serving global brands in more than 15 languages across four continents.

Revenue mechanics mix recurring and transactional models: project- and contract-based IT and BPO services (with 67.9% of BPO revenue USD-denominated), unit hardware sales (Raya Auto, Raya Electric, Raya Foods), transaction and interest income (Aman, Ostool), and franchise economics (Jones the Grocer, Loris via Raya Restaurants). Distribution combines owned retail showrooms, 250+ financial-services branches, authorized dealer networks, e-commerce (Jumia partnership), and direct enterprise sales. Reported 9M 2025 revenue of 45.5 billion EGP (+41% year-over-year) places the group in scale-up mode, led by Raya IT (+65.1%), Aman Holding (+51.4%) and Raya Electric (+212.4%), against an Egypt-centric operating base and a family-controlled ownership structure that consolidated its public-market positioning through EGX30 inclusion in 2025.

Name

RAYA Corporation

Legal name

Raya Corporation

Website

https://rayacorp.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Raya Corporation is an Egyptian investment holding company operating 10 portfolio companies across IT, fintech, BPO, manufacturing, retail, automotive, and hospitality, serving enterprise clients and consumers across 50+ countries with 20,000+ employees.

Ownership category

akta.pro rank

Product category

Diversified Investment Holding Conglomerate

NAICS

Management of Companies and Enterprises (55111), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220)

SIC

Miscellaneous Electrical Machinery, Equipment & Supplies (3690), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

IT Procurement & Sourcing Services (Hardware/Software) (BPAEAOAG)

Keywords

• Investment holding company
• Business process outsourcing
• Consumer finance services
• Frozen food manufacturing
• Electric vehicle distribution

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Technology & Infrastructure: Raya Information Technology provides IT solutions, banking automation, cybersecurity, and managed services. Revenue comes from system integration, software licensing, maintenance contracts, and IT outsourcing. The segment achieved 65.1% YoY growth in 2025.
2. Retail & Distribution: Raya Trade distributes consumer electronics and appliances with exclusive partnerships with global brands. Revenue generated from product sales through retail stores and wholesale distribution networks.
3. Retail & Distribution (FMCG): Raya FMCG distributes fast-moving consumer goods through established retail and wholesale channels across Egypt.
4. Business Process Outsourcing (BPO): Raya Customer Experience (RCX) is Egypt's largest BPO provider delivering customer experience solutions across 4 continents in 15+ languages. Revenue comes from service contracts with global brands. 67.9% of revenues in USD. Recognized as Major Contender and Star Performer in Everest Group's CXM PEAK Matrix.
5. Fintech Services: Aman Holding provides e-payments, financial services, and microfinance. Revenue from transaction fees, interest income on financing, and payment processing. Aman Holding achieved 51.4% growth with 665 million EGP in securitization issuances in 2025.
6. Manufacturing - Automotive: Raya Auto manufactures and distributes vehicles including XPENG electric vehicles with European specifications. Revenue from vehicle sales, spare parts, and after-sales service.
7. Manufacturing - Electric Appliances: Raya Electric manufactures home appliances including LG air conditioners under Manufacturing-as-a-Service (MaaS) model. Achieved 212.4% growth in 2025.
8. Manufacturing - Food Products: Raya Foods produces frozen vegetables and fruits for domestic and export markets under Lazah and Everest brands. 80-90% exported to Gulf, Europe, and America. Raya Foods is Egypt's largest exporter of frozen strawberries.
9. Hospitality: Raya Smart Buildings develops smart building projects and residential communities. Raya Restaurants operates food service including Jones the Grocer franchise and Loris Lebanese restaurant with 50 million EGP investment.
10. Logistics Services: Ostool provides trucking, port services, storage, and shipping operations with fleet of 251 owned trucks and 700+ outsourced vehicles. Revenue from freight services and logistics contracts.

Pricing tiers

Go-to-market motion4 records

Distribution channels10 records

Marketing channels10 records

Core offering

RAYA Corporation is a diversified investment holding company that builds, operates, and scales market-leading businesses across technology and infrastructure, retail and distribution, business process outsourcing, fintech, manufacturing (automotive, appliances, food), hospitality, and logistics. Through 10 portfolio companies and 40+ subsidiaries, it delivers IT solutions, banking automation, consumer finance, BPO services, EV distribution, appliance manufacturing, frozen food exports, smart building development, restaurants, and land transport services.

Differentiator

Problem solved

Functional benefit

Brands

• Raya Information Technology: Technology and infrastructure solutions provider empowering organizations through digital innovation
• Raya Trade
• Raya FMCG
• Raya Customer Experience (RCX)
• Aman Holding
• Raya Auto
• Raya Electric
• Raya Foods
• Raya Smart Buildings
• Raya Restaurants
• Ostool
• Raya Data Center
• BariQ
• Raya FutureTECH

Products and services

• Raya Information Technology Enterprise IT solutions including banking automation (ATM systems, cash management, self-service kiosks), cybersecurity (Cisco partnership), managed services, software solutions, and digital transformation services for banks, telecoms, and large organizations across Egypt and the region. Achieved 65.1% YoY growth in 2025 and holds 60%+ ATM market share in Egypt via the Diebold Nixdorf partnership.
• Raya Trade

Quantifiable outcome

• 60%+ market share in Egyptian ATM market
• +7 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature8 records

Partnerships

19 partnerships are on record, tiered core, flagship and minor.

• Diebold NixdorfcoreTechnology or Integration · 4 December 202525-year strategic partnership (1999-2025) for banking automation solutions in Egypt. Raya IT serves as the largest provider of Diebold Nixdorf solutions with over 60% market share of ATMs in Egypt. The partnership enables banks to develop operational systems, expand services, and achieve financial inclusion goals aligned with Egypt Vision 2030.
• GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)flagshipStrategic or Co-development Partner · 23 June 2025Partnership under DevelopPPP program by German Federal Ministry for Economic Cooperation and Development (BMZ) to support startups and entrepreneurship in Egypt. The Raya FutureTECH accelerator completed its third and final cycle in 2025, supporting 34 tech startups across various sectors including agri-tech, logistics tech, e-commerce, and fintech.
• Telecom Egypt (WE)flagshipStrategic or Co-development Partner · 26 May 2025Strategic sponsorship partnership for People Summit Egypt 2025, organized by Top Employer Institute. Both companies co-sponsored the summit bringing together HR executives to discuss global workplace trends and best practices. Telecom Egypt also received Top Employer Egypt certification for 2025.
• XPENGflagshipChannel Partner/ Reseller/ DistributorExclusive distributor of XPENG electric vehicles with European specifications in Egypt. Partnership includes establishing new Dubai spare parts warehouse for Middle East expansion. XPENG predicted the UAE EV market to reach USD 16.3 billion by 2030.
• Shift EVcoreTechnology or IntegrationFirst-of-its-kind partnership for local manufacturing of lithium-ion batteries for electric vehicles. Raya Auto partnered with Shift EV to supply locally manufactured EV batteries, supporting Egypt's EV ecosystem development.
• LG ElectronicscoreOEM/ Whitelabel/ Licensing PartnerRaya Electric selected as manufacturing partner for LG air conditioning units under Manufacturing-as-a-Service (MaaS) model. Partnership drives Raya Electric's exceptional 212.4% YoY growth in 2025.
• Coca-ColacoreStrategic or Co-development PartnerPartnership with Coca-Cola for plastic waste recycling. BariQ opened latest plastic waste sorting facility in partnership with Coca-Cola, supporting sustainable recycling ecosystem in Egypt.
• JD LogisticscoreTechnology or IntegrationPartnership for developing XPENG's state-of-the-art spare parts warehouse in Dubai for Middle East EV market expansion. JD Logistics provides logistics expertise for the facility.
• LexmarkcoreChannel Partner/ Reseller/ DistributorStrategic partnership enabling Raya Electronics to dominate Egyptian printer market with 62% market share. Raya serves as authorized distributor for Lexmark printing solutions.
• Taqa ArabiacoreStrategic or Co-development PartnerJoint venture with Taqa Arabia to digitize energy payments and operations. Aman Holding and Taqa Arabia established a new company for energy sector payment digitization.
• LuckyminorStrategic or Co-development PartnerPartnership with Lucky to provide installment services at over 10,000 merchants. Aman financial services enable consumer installment payments through Lucky's merchant network.
• PathFinder InternationalminorStrategic or Co-development PartnerCollaboration under USAID Women's Economic and Social Empowerment Program for women's economic empowerment initiatives in Egypt.
• Baheya FoundationminorStrategic or Co-development PartnerCooperation protocol between Raya Electronics and Baheya Foundation to support breast cancer fighters. Raya Electronics allocated portion of October profits to develop Baheya Hospital medical facilities.
• Suez CementcoreStrategic or Co-development Partner5-year transport contract valued at 250 million EGP. Ostool provides logistics and transportation services for Suez Cement operations.
• AscomcoreStrategic or Co-development PartnerOstool partnership to transport Ascom carbonate and chemical products to ports for export, supporting Egypt's industrial export sector.
• Blue BusminorStrategic or Co-development PartnerStrategic cooperation between Blue Bus and Aman Financial Services to provide ticketing services across 30+ Aman branches as first phase.
• Zain Saudi ArabiacoreChannel Partner/ Reseller/ DistributorRaya CX strategic partnership agreement to manage customer experience operations for Zain KSA, expanding BPO presence in Saudi Arabia.
• JumiacoreChannel Partner/ Reseller/ DistributorStrategic partnership for developing home appliance market. Raya Trade and Jumia collaborate to develop local manufacturing and African market expansion for electronics.
• Belton GroupminorChannel Partner/ Reseller/ DistributorRaya Data Center provides integrated cloud computing services to Belton Group Holding, delivering comprehensive cloud infrastructure solutions.

Scale indicators31 records

Recent moves5 records

Expansion highlights8 records

Direct peers

• Teleperformance: Global leader in outsourced customer experience management. Directly comparable to Raya CX in BPO/CXM service delivery, multilingual capability, and global brand client base, and a relevant scale benchmark for Raya CX's 4-continent operations.
• Elsewedy Electric: Egyptian-listed industrial conglomerate with cables, electrical equipment, transformers, and renewables plus a digital infrastructure/data center business. Comparable as a diversified Egyptian industrial/tech platform that has scaled globally, similar in scale and EGX-listed profile to Raya.
• Fawry: Egypt's leading electronic payments network providing bill payment, e-payments, and financial inclusion. Directly comparable to Aman Holding's e-payments and consumer finance business, including the Central Bank POS rollout and microfinance/financial-inclusion mission.
• Aramex: Middle East-headquartered logistics and transportation company with freight, last-mile, and supply-chain services. Directly comparable to Ostool's land transport and fleet-management business and Raya's regional logistics ambitions.
• Indorama Ventures: Global leader in PET and PET recycling, producing food-grade recycled PET. Directly comparable to BariQ as a PET recycler, particularly given Indorama's EFSA/FDA-grade certification footprint and recycling scale.
• Orascom Investment Holding: Egyptian-listed diversified investment holding company operating across telecom, real estate, and logistics. Directly comparable to Raya as another EGX-listed conglomerate spanning multiple high-impact sectors with a regional footprint.

Broad incumbents

• Telecom Egypt: Egypt's incumbent telecom operator with data center, subsea cable, and ICT services. Comparable to Raya IT and Raya Data Center given overlapping enterprise IT and infrastructure offerings and a similar EGX-listed scale.
• EFG Holding (EFG Hermes): Egyptian-listed financial services group spanning investment banking, asset management, brokerage, and consumer finance. Comparable to Raya's Aman Holding consumer finance / microfinance franchise and as a fellow large EGX-listed financial-inclusion platform.

Emerging players

• MNT-Halan: Egyptian fintech providing consumer finance, payments, and lending to underbanked populations. Comparable to Aman Holding's microfinance and consumer finance franchise and a relevant emerging benchmark for Egyptian financial-inclusion scale.

Others

• Diebold Nixdorf: Global provider of banking automation, ATMs, and self-service kiosks. Comparable as the technology partner of Raya IT for 25 years and the standard benchmark for the 60%+ Egyptian ATM market share Raya IT operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/raya_holding
• YouTubeyoutube.com/@raya.holding
• Facebookfacebook.com/raya.holding
• LinkedInlinkedin.com/company/raya
• Instagraminstagram.com/raya_holding/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RAYA Corporation