Egypt’s Raya Holding sets up parent company for NBFS businesses

Raya Holding has set up a new parent company for its three non-banking financial service businesses, the company said in an EGX filing (pdf). The new company, Aman Holding, has EGP 375 mn in capital and holds 99% stakes in Aman for Financial Services and Aman for E-Payments, and a 74.5% stake in Aman for Microfinance.