FRA receives LOI from Raya Chairman, CEO to submit MTO at EGP9.40/share within 15 days
The Financial Regulatory Authority (FRA) received a letter of intent (LOI) from Raya Holding’s (Raya) Chairman and CEO, Medhat Khalil, to submit the mandatory tender offer (MTO) within 15 business days (from 27 December). The FRA granted Khalil the 15-day extension period, after which he will offer to buy c46mn shares (36.7% of outstanding shares) at EGP9.40/share.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.