Raya Contact Center is looking to raise EGP 100 mn from its IPO on the EGX and will use the proceeds to expand into the Moroccan market, Al Mal reports. The company expects to begin operating in Morocco by 2018 with its eyes set on providing services to the French market. The company’s chief executive said USD 7 mn have been allocated for the expansion in Morocco so far and Raya is also looking to secure a USD 4.1 mn bank loan.

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