Egypt’s Raya, German Firm Cooperate to Invest in Solar Energy

Raya Holding Company for Technology and Telecommunication SAE (RAYA.CA) said it has entered partnership with German Company working in solar energy field.

Raya added that it will contribute to 50% with the German company to prepare studies for the Egyptian market and the available opportunities in this field.

Raya’s Board of Directors agreed to increase Transport Fleet Company’s capital to EGP15 million to expand in transport activity.

Furthermore, Raya attained EGP17.3 million profits within the first 9 months of the ended fiscal year December30 2014 but the profits declined with 40%.