{"id":602218,"date":"2019-03-21T03:30:59","date_gmt":"2019-03-21T03:30:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/raya-holding-reports-fy2018-earnings-names-ahmed-hassan-and-hossam-hussein-as-ir-managers\/"},"modified":"2019-03-21T03:30:59","modified_gmt":"2019-03-21T03:30:59","slug":"raya-holding-reports-fy2018-earnings-names-ahmed-hassan-and-hossam-hussein-as-ir-managers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/raya-holding-reports-fy2018-earnings-names-ahmed-hassan-and-hossam-hussein-as-ir-managers\/","title":{"rendered":"Raya Holding reports FY2018 earnings, names Ahmed Hassan and Hossam Hussein as IR managers"},"content":{"rendered":"

EARNINGS WATCH- Raya Holding reported a net profit of EGP 89.1 mn in 2018<\/b>, down from EGP 103.2 last year, according to its earnings release (pdf)<\/a>. Revenues for the year were up to EGP 7.9 bn from EGP 6.7 bn in 2017.<\/p>\n

The company also announced it has set up non-banking financial services and securitization arms <\/b>under its trademark name Aman, according to an EGX disclosure (pdf)<\/a>. Aman for Non-banking Financial Services was set up with issued capital of EGP 100 mn and Aman for Securitization with capital of EGP 5 mn. Raya is the parent company of three Aman-named companies \u2014 Aman for Financial Services<\/a>, Aman for E \u2013 Payments<\/a> and Aman for Microfinance<\/a>.<\/p>\n

This all comes as it\u2019s about to go private: <\/b>A mandatory tender offer (MTO) by Raya\u2019s chairman and founder Medhat Khalil to take the company private is underway<\/a>. The Financial Regulatory Authority ordered Khalil last year<\/a> to submit the MTO, or alternatively sell down his stake, arguing that he and related parties controlled a combined 42%, a level that calls for an MTO under securities regulations.<\/p>\n

And named new IR managers: <\/b>Raya made its head of investment and finance Ahmed Hassan and its CFO Hossam Hussein responsible for investor relations, the company said in a separate bourse filing (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Raya Holding reported a net profit of EGP 89.1 mn in 2018, down from EGP 103.2 last year, according to its earnings release (pdf). Revenues for the year were up to EGP 7.9 bn from EGP 6.7 bn in 2017. The company also announced it has set up non-banking financial services and securitization […]<\/p>\n","protected":false},"author":1,"featured_media":602219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,11410,614,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-hossam-hussein","tag-raya-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e2ee1dfa-338b-4170-b04e-511c704ee584","is_powered_by":true,"section_story_id":"bc74c6d3-de58-4ae9-ac0d-43d560d8013f","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/194.jpg","photo_position":"above","related_issue":[602207],"teaser":"","voice_url":""},"yoast_head":"\nRaya Holding reports FY2018 earnings, names Ahmed Hassan and Hossam Hussein as IR managers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/raya-holding-reports-fy2018-earnings-names-ahmed-hassan-and-hossam-hussein-as-ir-managers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding reports FY2018 earnings, names Ahmed Hassan and Hossam Hussein as IR managers\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Raya Holding reported a net profit of EGP 89.1 mn in 2018, down from EGP 103.2 last year, according to its earnings release (pdf). 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About the issuance: The issuance came in three tranches with tenors of 13,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/money-1600-4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543833,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/misr-italia-issues-egp-794-mn-securitized-bond-raya-eyes-egp-2-bn-securitization-this-year\/","url_meta":{"origin":602218,"position":4},"title":"Misr Italia issues EGP 794 mn securitized bond + Raya eyes EGP 2 bn securitization this year","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"Misr Italia Properties has closed its first EGP 794 mn issuance as part of an EGP 2.5 bn securitization program, according to a statement (pdf) yesterday from EFG Hermes, which advised on the transaction. The bond is backed by a receivables portfolio of around EGP 1 bn by two of\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566833,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/raya-establishes-aman-for-technology-nbfs-and-electronic-payments\/","url_meta":{"origin":602218,"position":5},"title":"Raya establishes Aman for Technology, NBFS, and Electronic Payments","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"Raya to consolidate Aman subsidiaries into a holding company following FRA approval: Raya Holding gained approval from the Financial Regulatory Authority (FRA) to create a holding company for its subsidiaries Aman for E-Payments, Aman for Microfinance, and Aman for Financial Services, according to an EGX disclosure (pdf) released today. The\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602218"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602218\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/602219"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602218"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602218"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}