{"id":703082,"date":"2026-05-18T00:00:00","date_gmt":"2026-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=703082"},"modified":"2026-05-18T02:49:48","modified_gmt":"2026-05-18T02:49:48","slug":"raya-zeroes-in-on-ostool-exit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/raya-zeroes-in-on-ostool-exit\/","title":{"rendered":"Raya zeroes in on Ostool exit"},"content":{"rendered":"

Raya Holding <\/strong>is edging toward closing the loop on a six-year-long Ostool <\/strong>divestment saga. <\/strong>The EGX-listed conglomerate lined up BoD approval to offload its 90% stake in Ostool Transport and Logistics<\/a> to one of the subsidiaries of Qalaa Holdings\u2019 EGX-listed industrial mining outfit Ascom Mining Group<\/a> for EGP 641 mn, it said in a bourse filing (pdf)<\/a>. Raya Trade holds 1% of the offloaded stake and its corporate parent owns the remaining 89%. Ascom first submitted the offer<\/a> in June of last year.<\/p>\n

What\u2019s new? <\/strong>The BoD signed off on the independent fair value study prepared by Prime Capital and cleared by the Financial Regulatory Authority. The transaction values the freight firm at roughly EGP 8.22 per share, marking a 30.5% premium over its EGP 6.3 fair value.<\/p>\n

Raya\u2019s attempts to exit land logistics stretch back to February 2020<\/strong>, when it agreed to sell half of its 62.3% stake at the time to a British Virgin Islands-registered outfit called Paradigm Logistics for EGP 133 mn at EGP 10.7<\/a> per share. By April 2021, Raya was offering its entire stake for EGP 266.6 mn<\/a> at EGP 4.94 per share \u2014 a noticeable drop in share price for a larger block \u2014 before the transaction collapsed in 2022 after Paradigm failed to transfer the funds on time<\/a>.<\/p>\n

Raya took a sharp U-turn in December 2023 and consolidated its Ostool stake to 90%<\/strong> by buying out Egyptian Gulf Holding Financial Investments \u2014 EGBank\u2019s investment arm. At the time, CFO Hossam Hussein told EnterpriseAM<\/a> the move was driven by Ostool\u2019s improving performance.<\/p>\n

Going home: <\/strong>Ostool \u2014 which provides land transport and fleet services to construction, energy, and industrial players \u2014 was founded in 2010 as a JV between Raya and Qalaa. After a six-year divestment orbit, the logistics firm may be returning home to a unit under Qalaa\u2019s umbrella.<\/p>\n

ALSO- <\/strong>Raya Venture Capital got the OK to launch a new 49-51 fintech startup with Disruptech Ventures, backed by an initial issued capital of USD 2 mn. The BoD also signed off on a new AI venture, capitalized at EGP 250 mn, and a cybersecurity spin-off under Raya IT, capitalized at EGP 1 mn. <\/p>\n

MARKET <\/strong>REAX-<\/strong> Raya Holding's stock shed 3.29% yesterday to 7.35, while Ascom\u2019s share price fell 2.5% to 48.72. <\/p>\n","protected":false},"excerpt":{"rendered":"

The BoD signed off on the independent fair value study prepared by Prime Capital and cleared by the FRA<\/p>\n","protected":false},"author":1,"featured_media":703083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7363],"tags":[72,7128,12682],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-703082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-ma-watch","tag-raya","wpautop","entry"],"acf":{"mongo_id":"d33f5dc0-2748-423f-a33d-b96f981d0862","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/1002.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ostool saga ends","related_issue":[703074],"teaser":"The BoD signed off on the independent fair value study prepared by Prime Capital and cleared by the FRA"},"yoast_head":"\nRaya zeroes in on Ostool exit - 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We\u2019re racing towards the final stretch of the week and into the long weekend. The latest developments between Iran and Israel and their impact on markets (and the EGP) continue to drive the news cycle.THE BIG STORY TODAY- #1- ASCOM eyes Raya\u2019s stake in Ostool: Qalaa\u2019s mining\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611925,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/raya-holding-to-up-its-stake-in-ostool-to-90\/","url_meta":{"origin":703082,"position":2},"title":"Raya Holding to up its stake in Ostool to 90%","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"Raya has signed an agreement to purchase another 28% stake in its subsidiary","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/908.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/raya-finalizes-ostool-sale\/","url_meta":{"origin":703082,"position":3},"title":"Raya finalizes Ostool sale","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn, it said in a disclosure to the EGX (pdf) yesterday. The company will sell 53.9 mn shares to Paradigm at EGP 4.94 apiece, the filing said, adding that the two\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/95.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569159,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/","url_meta":{"origin":703082,"position":4},"title":"Raya approves selling 31% stake in its transport arm","author":"enterpriseam admin","date":"16 February 2020","format":false,"excerpt":"M&A WATCH- Raya approves sale of 31% stake in its transport arm: Raya Holding board of directors has agreed to sell a 31.16% stake in its Ostool Shipping Company to Paradigm Logistics for EGP 133 mn, according to an EGX filing (pdf). Raya will be selling 12.4 mn shares (half\u2026","rel":"","context":"In "Speed Round"","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":565649,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/raya-exits-transport-subsidiary-ostool\/","url_meta":{"origin":703082,"position":5},"title":"Raya exits transport subsidiary Ostool","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"Raya offloads stake in transport arm: Raya Holding has signed an agreement to sell its 62.3% stake in shipping subsidiary Ostool to Paradigm Logistics in a EGP 266.6 mn transaction, according to a regulatory filing (pdf). The acquisition should wrap up no later than 31 March 2022, according to the\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"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\/703082","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=703082"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703082\/revisions"}],"predecessor-version":[{"id":703125,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703082\/revisions\/703125"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/703074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/703083"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=703082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=703082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=703082"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=703082"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=703082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}