{"id":639419,"date":"2017-10-29T03:18:15","date_gmt":"2017-10-29T03:18:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/"},"modified":"2017-10-29T03:18:15","modified_gmt":"2017-10-29T03:18:15","slug":"raya-holding-moves-into-car-assembly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/","title":{"rendered":"Raya Holding moves into car assembly"},"content":{"rendered":"<p>Raya Holding\u2019s board of directors approved a decision for the company to move into assembling cars and two- and three-wheelers, <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/209044_1.pdf\">according to a regulatory filing (pdf)<\/a>. The company will invest EGP 100 mn in this expansion, with EGP 60 mn self-financed and the remainder through a loan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding\u2019s board of directors approved a decision for the company to move into assembling cars and two- and three-wheelers, according to a regulatory filing (pdf). The company will invest EGP 100 mn in this expansion, with EGP 60 mn self-financed and the remainder through a loan.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639419","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"9c373c3c-f5b8-4565-9ba0-a3d200899b34","order":"0","is_powered_by":true,"section_story_id":"3f003498-291e-428a-b424-76796b254662","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639376],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raya Holding moves into car assembly - 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\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding moves into car assembly\" \/>\n<meta property=\"og:description\" content=\"Raya Holding\u2019s board of directors approved a decision for the company to move into assembling cars and two- and three-wheelers, according to a regulatory filing (pdf). The company will invest EGP 100 mn in this expansion, with EGP 60 mn self-financed and the remainder through a loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-29T03:18:15+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya Holding moves into car assembly\",\"datePublished\":\"2017-10-29T03:18:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\"},\"wordCount\":52,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\",\"name\":\"Raya Holding moves into car assembly - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-10-29T03:18:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raya Holding moves into car assembly\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Raya Holding moves into car assembly - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/raya-holding-moves-into-car-assembly\/","og_locale":"en_US","og_type":"article","og_title":"Raya Holding moves into car assembly","og_description":"Raya Holding\u2019s board of directors approved a decision for the company to move into assembling cars and two- and three-wheelers, according to a regulatory filing (pdf). 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The company\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574789,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/raya-auto-to-invest-egp-200-mn-in-ev-production\/","url_meta":{"origin":639419,"position":2},"title":"Raya Auto to invest EGP 200 mn in EV production","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"INVESTMENT WATCH- Raya Auto plans to invest EGP 200 mn in local EV assembly over the next three years: Raya Holding\u2019s automotive arm, Raya Auto, is investing EGP 200 mn in the local production of electric vehicles in the next three years, CEO Mohamed El Naggar said in an emailed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613841,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/22\/raya-auto-to-locally-assemble-chinas-xpeng-evs-within-3-years\/","url_meta":{"origin":639419,"position":3},"title":"Raya Auto to locally assemble China\u2019s XPeng EVs within 3 years","author":"enterpriseam admin","date":"22 January 2024","format":false,"excerpt":"Raya Auto is now China EV manufacturer XPeng\u2019s sole agent in Egypt","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1756.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571725,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/raya-bondholders-agree-to-return-egp-200-mn-of-asset-backed-securities-allowing-re-issuance-at-lower-interest\/","url_meta":{"origin":639419,"position":4},"title":"Raya bondholders agree to return EGP 200 mn of asset-backed securities, allowing re-issuance at lower interest","author":"enterpriseam admin","date":"21 May 2020","format":false,"excerpt":"DEBT WATCH- Raya bondholders agree to return EGP 200 mn of asset-backed securities, allowing re-issuance at lower interest: CIB, the National Bank of Egypt, and Attijariwafa Bank have agreed to return around EGP 200 mn remaining from the first tranche of Raya Holding\u2019s EGP 500 mn securitized bond issuance to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569113,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/raya-may-approve-a-bid-for-31-stake-in-its-transport-arm\/","url_meta":{"origin":639419,"position":5},"title":"Raya may approve a bid for 31% stake in its transport arm","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"M&A WATCH- Raya may approve bid for 31% stake in its transport arm: Raya Holding is likely to approve the EGP 133 mn offer from Paradigm Logistics to acquire a 31% stake in its Ostool Shipping Company, Al Mal reports, citing unnamed sources. 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