Raya Holding for Financial Investments has secured approximately $40m from Helios Investment Partners, Africa’s largest investment fund, which manages around $3.5bn in assets, to support its subsidiary, Raya Foods. As part of this deal, Helios will acquire a 49% stake in Raya Foods, reinforcing its strategic partnership and aiding the company’s expansion plans, according to a report by Daily News Egypt.
The investment is set to boost Raya Foods’ manufacturing and export capabilities in frozen foods, strengthening its international presence and contributing to Egypt’s national economy. This aligns with Raya Holding’s strategy to enhance production capacity and meet increasing demand in global markets.
Raya Foods, Egypt’s second-largest exporter of frozen fruits and vegetables, currently serves over 50 countries, focusing on Europe and the U.S. With plans to become Egypt’s top exporter, the company will also pioneer the production and export of freeze-dried products.
Raya’s CEO, Ahmed Khalil, and Raya Foods’ CEO, Omar Abdelaziz, both highlighted the significance of this investment in diversifying products, scaling production, and reinforcing the company’s global standing, benefiting shareholders and supporting the Egyptian economy. Helios Investment Partners also emphasized the importance of the growing global demand for healthy foods and the potential this partnership holds in advancing agricultural development and food security.
