Raya Holding for Financial Investments has announced an investment of approximately $40 million in its portfolio company, Raya Foods, led by Helios Investment Partners, Africa’s largest investment fund. The exact amount will be determined by closing mechanics.
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Helios will purchase 49% of Raya Foods’ shares as part of this investment, expanding their strategic collaboration and supporting the company’s future growth goals.
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This investment intends to strengthen Raya Foods’ skills in frozen food manufacturing and exporting, increase its global footprint, achieve long-term growth, and contribute to the national economy.
Commenting on the deal, Ahmed Khalil, CEO of Raya Holding, said: “We are pleased to announce this strategic investment, which reflects investors’ confidence in Raya Holding’s vision and future plans to achieve leadership across various sectors. It also aligns with the group’s plans to increase foreign currency revenues, as Raya Foods is one of Raya Holding’s fastest-growing portfolio comapnies. Raya Foods has led the market in exporting frozen fruits and vegetables to over 50 countries. With the new freeze-drying facility, the company will diversify its products, increase production capacity, and boost exports.”
This finance is part of Raya Holding’s strategy plan to expand into worldwide markets via its flagship firm, Raya Foods, by increasing production capacity to satisfy rising demand for food manufacture and exports. The company provides items that reflect current global food market trends, such as frozen vegetables and fruits.
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Omar Abdelaziz, CEO of Raya Foods, added: “Securing $40 million in funding with a partner like Helios underscores the strong performance and rapid growth that Raya Foods has achieved over the past five years. This funding reflects Helios’ confidence in our potential to achieve similar growth over the next five years. This investment marks a significant turning point in the company’s journey. We started as a small company, and today, we are the second-largest exporter of frozen fruits and vegetables in Egypt, with an annual production capacity of 50,000 tons. With the establishment of our second factory dedicated to freeze-dried fruits and vegetables, we aim to become Egypt’s largest exporter.
Raya Foods presently exports its products to over 50 countries, highlighting the European and American markets. It is Egypt’s second-biggest exporter of frozen fruits and vegetables to become the country’s largest exporter and the first to produce and export freeze-dried vegetables and fruits.
Raed Barkatis, Head of Consumer and Healthcare at Helios Investment Partners, expressed his enthusiasm for completing this deal successfully and commented: “We are excited to support the growth of Raya Foods, and we see this partnership as an opportunity for mutual growth. Raya Foods is a leader in the frozen food sector in Egypt, and we are confident that this investment will enhance its production capacity and open new opportunities in global markets.”
Raya Foods aims to be the recognized industry leader and the global leading supplier of healthful, wholesome, and nutritious prepared foods, putting product innovation, consumer insight, and customer partnerships as the main pillars throughout their ongoing expansion plan. This will be established by our team which consists of the finest experts in the field to draw together a new picture of supreme quality.
About Raya Foods
Raya Foods was established in 2017 as a portfolio company of Raya Holding for Financial Investments, Raya Foods aims to be the recognized industry leader and the global leading supplier of healthful, wholesome, and nutritious prepared foods, putting product innovation, consumer insight, and customer partnerships as the main pillars throughout their ongoing expansion plan. This will be established by our team that consists of the finest experts in the field to draw together a new picture of supreme quality.
