Cairo – Mubasher: The board of Raya Holding for Technology and Communications recommended changing the company’s name to Raya Holding for Financial Investments.
In addition, the board also gave the green light to adding three new business activities, which are IPO coverage, financial consultancy services, and portfolio build-up.
In the first quarter of 2016, the company registered a net loss of EGP 553,600 against a net profit of EGP 3.85 million in Q1-15.
Moreover, the company announced negotiating for buying a minority stake in the leading Polish food producer, Makarony Polskie.
