Raya Holding for Financial Investments finalized the sale of its stake in Ostool Land Transportation S.A.E. on July 1, 2026. The company transferred its entire ownership to a subsidiary of Asek Company for Mining (Ascom). This divestiture aligns with Raya’s strategy to refine its investment portfolio.
Raya Information Technology appointed Marwa Abbas as Chief Executive Officer, effective July 1, 2026. Abbas joins the wholly-owned subsidiary after more than 30 years at IBM. Her leadership aims to accelerate regional expansion and strengthen Raya IT’s digital transformation presence.