By: Islam Fadl

Cairo – Mubasher: Raya Holding for Financial Investment is considering pumping EGP 600 million in investments during the current fiscal year, the company’s chief financial officer Hossam Hussein told Mubasher on Saturday.

These investments are projected to be injected in new three companies planned to be launched in 2020, along with buying new production lines for Raya Auto and Raya Foods, Hussein added.

The top official noted that his company invested more than EGP 1 billion in 2019 to expand in subsidiaries.

Earlier in February, Hussein announced that the company is planning to launch three new companies during the first six months of 2020 in the non-banking financial services sector.