{"id":320991,"date":"2021-02-09T11:21:30","date_gmt":"2021-02-09T11:21:30","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=320991"},"modified":"2021-02-09T11:21:30","modified_gmt":"2021-02-09T11:21:30","slug":"rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/","title":{"rendered":"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization"},"content":{"rendered":"<p>Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.<\/p>\n<p>The company will partner with an unnamed asset manager to set up the fund, the targeted value of which was not disclosed.<\/p>\n<p>The fund will raise money from investors to invest in the portfolios of non-bank lenders. The NBFS lender gets the net present value of a portfolio of loans now, and the fund collects the regular payments and takes both the upside and the risk. The sources didn\u2019t specify whether the fund would be open to both retail and institutional buyers.<\/p>\n<p>The fund\u2019s first investment could see it take part of subsidiary Aman Holding\u2019s portfolio, a move that would see Raya scrap plans to take EGP 600 mn in securitized bonds to the market later this year.<\/p>\n<p>Background: The Financial Regulatory Authority last summer allowed a new type of fund specialized in what finance nerds call \u201cmovable assets.\u201d Those funds provide liquidity to businesses by using assets such as accounts receivables, inventories, and machinery as collateral. Unlike securitization, this doesn\u2019t require issuing bonds or the setup of a special purpose vehicle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.<\/p>\n","protected":false},"author":4,"featured_media":320992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[249],"class_list":["post-320991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","tag-raya-holding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa<\/title>\n<meta name=\"description\" content=\"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-09T11:21:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/\",\"name\":\"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2021-02-09T11:21:30+00:00\",\"dateModified\":\"2021-02-09T11:21:30+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa","description":"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/","og_locale":"en_US","og_type":"article","og_title":"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa","og_description":"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.","og_url":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/","og_site_name":"egy-africa","article_published_time":"2021-02-09T11:21:30+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/","url":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/","name":"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1","datePublished":"2021-02-09T11:21:30+00:00","dateModified":"2021-02-09T11:21:30+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/02\/09\/rayas-new-fund-for-movable-assets-could-be-first-mainstream-alternative-to-securitization\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Raya\u2019s new fund for movable assets could be first mainstream alternative to securitization"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/RAYA-Contact-Center.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1lvh","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/320991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=320991"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/320991\/revisions"}],"predecessor-version":[{"id":320993,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/320991\/revisions\/320993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/320992"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=320991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=320991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=320991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}