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Raya Holding buys additional stake in a Polish Company

Raya Holding for Financial Investments obtained the approval of the Polish government to indirectly additional stake, equivalent to 4.99% of the shares of “Makarony Polskie”, with a total value of $820,000.

Thus, the percentage of indirect ownership of the company after the completion of the acquisition becomes approximately 24.38%.

Raya Holding stated to the Egyptian Exchange, today, Thursday, that its wholly-owned subsidiary “Madova” obtained the necessary approvals, and the deal was executed on the Polish Warsaw Stock Exchange.

Makarony Polskie is specialized in making fully automatic pasta.

Raya acquires its shares indirectly through Madova Sp Z O O.