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Raya Holding sells 24% of Aman Electronic to NBE

Raya Holding sells 24% of Aman Electronic to NBE
The transaction was concluded at a value of EGP 53.33 per share.
Raya
RAYA
-2.05% 2.86 -0.06

Cairo – Mubasher: Raya Holding for Financial Investments inked a deal to sell 9 million shares of Aman Electronic Payment Technology Company, a fully-owned subsidiary, to the National Bank of Egypt (NBE) for EGP 53.33 per share.

This represents 24% of Aman Electronic’s capital, according to a stock exchange statement on Thursday.

In the first nine months of 2020, Raya Holding logged net losses of EGP 53.69 million, down by 8% year-on-year (YoY) from EGP 58.16 million.