Tawasul
Mubasher TV
Contact Us Advertising   العربية

Raya Contact Center reveals FV of Gulf Customer Experience

Raya Contact Center reveals FV of Gulf Customer Experience
The study estimated the FV of the Bahraini firm's share at $39.71
Raya
RAYA
4.25% 2.70 0.11

Cairo – Mubasher: Raya Contact Center announced that the fair value (FV) of Gulf Customer Experience has been estimated at $15.68 million. 

The study, prepared by Solid Capital for Financial Advisory, estimated the FV of the Bahraini firm's share at $39.71, Raya said in a statement to the Egyptian Exchange (EGX) on Sunday. 

In late August, Raya's board of directors approved a decision to proceed with the acquisition of 85% of Gulf Customer Experience, amounting to 335,829 shares. The Bahrain-based firm operating in the business process outsourcing sector has been valued at $14.32 million.

In the first half (H1) of 2021, Raya Contact Center logged consolidated net profits of EGP 9.75 million, down from EGP 20.6 million in H1-20, including minority shareholders' rights.