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Raya Holding Company for Technology and Telecommunication SAE to Establish New Subsidiary


Sunday, 1 Sep 2013 08:00pm EDT 

Raya Holding Company for Technology and Telecommunication SAE announced that its Board of Directors has approved to establish a new subsidiary with EGP 350 million authorized capital and 35 million issued capital. The Company will own 1% in the new subsidiary, its subsidiary, Raya Investments & Consultation, will own 84%, while the remaining 15% will be held by other shareholders. The new company will be specialized in establishing, operating, leasing restaurants, supply of food and beverage, manufacturing and sales of sweets and ready meals, among others. 

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