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Raya Holding sells 24% of Aman Electronic Payment Technology to NBE

Raya Holding for Financial Investments announced the sale of 9 million shares of its 99.8%-owned subsidiary Aman Electronic Payment Technology to the National Bank of Egypt (NBE).

The NBE acquired 24% of Aman for EGP 480 million or EGP 53.33 per share, Raya Holding said in a bourse disclosure on Sunday.

On 31 December 2020, Raya Holding announced signing a deal to sell part of its stake in Aman Electronic Payment Technology Company to the NBE