Raya Holdings to sell its subsidiary BariQ for Techno and Advanced Industries

EGYPT – Raya Holding Group for Financial Investments has signed a contract to sell one of its subsidiary companies, BariQ for Techno and Advanced Industries, to Intro Waste Management and Material Recovery Holding Ltd. The deal involved the direct stake of Raya Holding, which accounts for 98.76% of the BariQ shares, and its indirect share through its subsidiaries, amounting to 1.24%. This means a total of 6.5 million shares. The Board of Directors at BariQ decided to authorise its Chairperson to take the necessary measures to implement the sale amounting…

Read More