Latest news with #RayaHolding
Zawya
26-05-2025
- Automotive
- Zawya
XPENG Egypt & Raya Auto win 2024 New Star Market Award at XPENG Global Partner Conference 2025.
In a landmark achievement for Egypt's automotive sector, XPENG Egypt and its exclusive distributor, Raya Auto, have been awarded the prestigious New Star Market performance award at the XPENG Global Partner Conference 2025, held during the Shanghai International Auto Show. This award celebrates the brand's rapid success and Raya Auto's exceptional performance in introducing smart, sustainable mobility in the region. This recognition comes just months after XPENG's mid-2024 debut in Egypt and directly reflects Raya Auto's exceptional efforts in introducing and establishing XPENG as a pioneering force in the country's smart mobility landscape. Raya Auto is Egypt's first dedicated importer and dealership of pure electric passenger vehicles and the first to launch XPENG in both Egypt and North Africa. With this milestone the company has established itself as a leader in the country's shift toward clean and intelligent transportation, and XPENG'S introduction aligns with national sustainability targets and the global transition to electric mobility. Raya Auto, a portfolio company of Raya Holding for Financial Investments, is backed by the group's strategic direction and financial strength. This milestone reflects Raya Holding's broader vision to foster innovation and sustainability across its diverse business sectors. 'This achievement reflects our team's unwavering dedication to delivering innovative electric mobility solutions to Egyptian consumers,' said Mohamed El Naggar, CEO of Raya Auto. 'We're proud of this recognition, but it's only the beginning of our journey to transform transportation in Egypt.'
Zawya
26-05-2025
- Business
- Zawya
People Summit Egypt 2025 launches with Raya Holding and Telecom Egypt as strategic partners
Ahmed Khalil: We believe building a successful organization starts with cultivating a global work culture that fosters empowerment and excellence across our diverse portfolio Mohamed Nasr: We are committed to providing a positive work environment that drives innovation, excellence, and sustainable growth Cairo – In a step that underscores their shared commitment to creating sustainable and inspiring workplaces, Raya Holding for Financial Investments and Telecom Egypt (WE) are partnering as strategic sponsors of People Summit Egypt 2025, organized by the Top Employers Institute, the global authority on certifying excellence in employee conditions. The summit, held for the first time in Egypt this year, brings together leading executives and HR experts to discuss the latest global trends in the workplace and exchange best practices between Top Employer-certified organizations and those aspiring to reach this prestigious status. Raya Holding and Telecom Egypt's sponsorship reflects their dedication to supporting the business community by championing a culture of empowerment, sharing successful HR practices, and contributing to the development of work environments in Egypt that align with global standards. Ahmed Khalil, CEO of Raya Holding, stated: 'At Raya, we believe real investment starts with people. With a team of over 18,000 employees across 11 diverse portfolio companies spanning various industries, we are committed to building a workplace culture centered on empowerment, continuous development, and true recognition of talent. Receiving the Top Employer Award for the third consecutive year with higher scores each year, reflects our genuine commitment to creating a workplace that aligns with the highest global standards and fulfills the aspirations of our people. We don't see HR as just an administrative function; it's the heart of our strategy and the foundation for every growth and transformation at Raya. Our sponsorship of People Summit 2025, alongside Telecom Egypt, underscores our role in driving dialogue on the future of work, opening new horizons for more human-centered and effective practices that support our vision for a better future and reinforce our commitment to elevating HR and talent development standards in Egypt and the region.' Eng. Mohamed Nasr, Managing Director and CEO of Telecom Egypt, added: 'We are committed to adopting global best practices in HR and providing a positive work environment that fosters a culture of innovation and development, empowers our employees, and ensures sustainable growth while delivering the highest standards of service to our customers. Our people have always been the cornerstone of our success, driving Telecom Egypt's leadership position and customer satisfaction for over 170 years. We are proud to sponsor this summit in Egypt, which brings together HR experts, facilitates collaboration, and fosters knowledge sharing that will positively impact workplace environments across Egyptian companies.' Raya Holding has been awarded the Top Employer Egypt certification for three consecutive years (2023, 2024, 2025) after successfully completing a comprehensive evaluation by the Top Employers Institute. The assessment covered over 20 key HR areas, including career development, learning programs, work-life balance, leadership, and employee wellbeing, underscoring Raya's belief that employee experience is the foundation for sustainable, inclusive growth. Raya was selected from more than 2,000 companies evaluated across 121 countries worldwide, highlighting its excellence in creating a workplace environment that ranks among the best globally. Telecom Egypt (WE) also received the Top Employer Egypt certification for 2025, for the second consecutive year, in recognition of its outstanding efforts to provide an ideal work environment that fosters employee development, encourages innovation, and empowers teams to perform with precision and efficiency.
Zawya
20-05-2025
- Business
- Zawya
Egypt: AMAN Holding logs $128mln revenues in 2024
Arab Finance: AMAN Holding, a Raya Holding portfolio company, has unveiled its financial results for 2024 and the first quarter (Q1) of 2025, showing a robust performance and growth across all areas, as per an emailed press release. This was driven by geographic expansion, technological innovation, and the provision of digital financial solutions tailored to a broad and growing customer base. To maintain its strong financial position, AMAN increased its capital to EGP 2.065 billion by the end of Q1 2025. The company achieved revenues of EGP 6.4 billion by the end of 2024, marking a 41% increase compared to 2023, and EGP 1.7 billion in the first quarter of 2025. In terms of its geographic presence, AMAN expanded its footprint nationwide, operating more than 458 branches across 27 governorates. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, stated: 'The small and medium enterprises (SME) and microfinance segment generated EGP 2.5 billion in revenues and grew by 83% from 2023 to 2024, with total financing of EGP 7.1 billion. Q1 2025 contributed an additional EGP 2.1 billion, supported by our expanding branch network, now reaching 212 branches.' 'Our Islamic finance portfolio continues to grow, with over 5,000 finance deals worth more than EGP 267 million in 2024, and 1.7k+ additional finances worth EGP 83 million in Q1 2025, across 19 branches. In consumer finance, we recorded EGP 5.6 billion in issuances during 2024 and EGP 1.8 billion in Q1 2025,' he added. 'Our digital payments business grew by 32% in 2024, reaching over EGP 58 billion across 560 million transactions. The momentum continued in Q1 2025, achieving 22% growth and totaling EGP 17 billion across 145 million transactions,' Mohamed Wahby, Co-CEO of Products & Technology at AMAN Holding, said. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
19-05-2025
- Business
- Daily News Egypt
Aman Holding reports EGP 6.4bn in 2024 revenues, raises capital to EGP 2.065bn
Aman Holding, a Raya Holding portfolio company and Egypt's most integrated fintech group, has announced its financial results for 2024 and Q1 2025, showcasing robust performance and accelerated growth across all sectors. This success was driven by geographic expansion, technological advancement, and the delivery of digital financial solutions tailored to a broad and expanding customer base. As part of its firm commitment to sustainable growth and enhancing its financial position, Aman raised its capital to EGP 2.065bn in Q1 2025. The company reported revenues of EGP 6.4bn for 2024, marking a 41% increase over 2023, and recorded EGP 1.7bn in Q1 2025 alone. Aman continued to expand its nationwide footprint, operating over 458 branches across 27 governorates—demonstrating its dedication to financial inclusion and accessible services for all societal segments. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at Aman Holding, stated: 'We are proud of Aman's achievements over the past year, which reflect the agility of our business model and our ability to respond to market dynamics. The SME and microfinance segment generated EGP 2.5bn in revenues—an 83% increase from 2023 to 2024—with total financing reaching EGP 7.1bn. In Q1 2025, this segment added EGP 2.1bn, supported by our growing branch network, now at 212 branches. We've also deepened partnerships with key financial institutions, including the Arab African International Bank, EG Bank, Bokra, and the Export Development Bank of Egypt.' He continued: 'Our Islamic finance portfolio continues to grow, with over 5,000 transactions totaling EGP 267m in 2024 and 1,700+ additional transactions worth EGP 83m in Q1 2025 across 19 branches. In consumer finance, we issued EGP 5.6bn in 2024 and EGP 1.8bn in Q1 2025. Our branch network expanded from 244 to 253 during this period. Customer numbers rose by 14% in 2024 and surged an additional 27% in the first quarter of 2025. Regionally, we signed an MoU with Jarir Marketing Company in Saudi Arabia, a leading retail group in the Gulf, and Almanea Company, one of the Kingdom's largest electronics retailers. Our total credit facilities increased to EGP 9bn in 2024 and reached EGP 12bn in Q1 2025, reflecting strong demand and growing trust in our model.' Mohamed Wahby, Co-CEO of Products & Technology at Aman Holding, commented: 'Our digital payments business grew by 32% in 2024, reaching over EGP 58bn across 560 million transactions. Growth continued in Q1 2025, with 22% growth and transactions totaling EGP 17bn across 145 million operations. Our nano-financing programmes supported over 4,000 merchants. The Aman SuperApp also saw remarkable adoption, with 569,000 downloads in 2024 and 151,000 more in Q1 2025. Transactions via the app exceeded EGP 1.2bn, highlighting increasing customer reliance on our digital ecosystem.' He added: 'We are continuously investing in digital infrastructure and cybersecurity aligned with international standards to ensure secure, reliable services. Aman has obtained globally recognized certifications such as ISO 27001, ISO 27017, PCI PIN, and PCI DSS. Our 24/7 Security Operations Center (SOC) employs predictive analytics to proactively identify and address risks.' Regarding talent development, Wahby noted: 'Our people are central to our strategy for growth and innovation. We are proud of our workforce of over 7,682 employees. Through Aman Academy, we deliver specialized training programmes. We recently celebrated the second cohort's graduation from our Mini MBA programme in partnership with Bloom Business School–FZC, affirming our commitment to leadership development and continuous learning.' As part of its ongoing CSR initiatives, Aman announced a strategic partnership with the Embassy of the Netherlands in Egypt under the Challenge Fund for Youth Employment (CFYE) and Entreprenelle. The programme aims to empower 21,000 youth and women across six governorates through microloans and comprehensive entrepreneurship training. Aman will recruit and train 400 loan officers—70% of whom are women—to provide technical field support, while over 165 senior staff and loan managers will undergo advanced training to support the project lifecycle. To further diversify its funding base and strengthen liquidity, Aman completed a securitization issuance valued at EGP 4.8bn in 2024, reflecting its solid financial position and sustained investor confidence. Aman Holding continues to deliver long-term value to Egypt's economy and society through strategic service expansion, investment in digital innovation and talent, and its role as a leading enabler of fintech and inclusive finance.
Zawya
19-05-2025
- Business
- Zawya
Egypt: Raya Holding posts 12% YoY increase in Q1 2025 consolidated profits
Arab Finance: Raya Holding for Financial Investments logged consolidated net profits after minority interest of EGP 370.221 million in the first quarter (Q1) of 2025, a 12% year-on-year (YoY) from EGP 330.954 million, according to the income statements. Moreover, the revenues hiked by 24% YoY to EGP 12.881 billion at the end of March 2025 from EGP 10.413 billion. As for the standalone business, Raya Holding turned profitable at EGP 1.056 billion in the first three months of 2025, against net losses of EGP 173.387 million a year earlier. Earnings per share (EPS) hit EGP 0.21 in Q1 2025, compared to a loss per share of EGP 0.04 in Q1 2024 Non-consolidated revenues soared to EGP 1.187 billion from EGP 33.381 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
