Raya Holding’s unit receives consumer finance licence

Raya Holding for Financial Investments announced that its subsidiary Raya Electronics received consumer finance licence from the Financial Regulatory Authority (FRA).

It is worth mentioning that during the first quarter of 2020, Raya Holding incurred net losses of 68.8 millio n Egyptian pounds, up by 162 percent from  26.2 million pounds a year earlier including minority shareholders’ rights.