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Raya Holding's unit obtains consumer finance licence

Raya Holding's unit obtains consumer finance licence
Raya Holding incurred net losses of EGP 68.8 million in three months
Raya
RAYA
1.61% 9.07 0.14

Cairo – Mubasher: Raya Holding for Financial Investments announced that its subsidiary Raya Electronics received consumer finance licence from the Financial Regulatory Authority (FRA), according to a bourse disclosure on Wednesday.

It is worth mentioning that during the first quarter of 2020, Raya Holding incurred net losses of EGP 68.8 million, up by 162% from EGP 26.2 million in the year-ago period, including minority shareholders’ rights.