Raya Holding Accelerates Push into Digital Infrastructure with $60M Data Center Acquisition

Cairo, Egypt – Egyptian conglomerate Raya Holding has approved, subject to certain conditions, financing of up to $60 million to support the acquisition of 100% ownership rights in a data center facility in Egypt. This strategic move underscores the group’s commitment to expanding its footprint in the rapidly growing digital infrastructure sector.

Strategic Approval and Financial Structure

The decision was ratified by the Raya Holding Board of Directors during its meeting on September 23, 2026. The financing mechanism involves a capital increase in Raya Data Center Services, which will be fully subscribed by Raya Information Technology, a 100% subsidiary of Raya Holding.

Key financial details include:

• Maximum Amount: $60 million (approximately 3 billion Egyptian Pounds, indicative).
• Usage Restriction: Funds are strictly earmarked for the capital portion of the acquisition price for the targeted asset.
• Currency Flexibility: The capital increase may be executed in one or multiple tranches, denominated in US dollars, Egyptian Pounds, or a combination of both, depending on transactional needs.
• Exchange Rate: The applicable exchange rate will be determined by the bank at the time of each payment.

Conditional Nature of the Transaction

It is important to note that the transaction is not yet finalized. The authorization granted by Raya Holding remains conditional upon:

1. The effective conclusion of the acquisition.
2. The signing of definitive agreements.
3. The obtaining of all necessary regulatory approvals.
4. The satisfaction of all required legal and regulatory conditions.

Should the deal fail to materialize, the capital increase and associated financing will not take effect.

A Strategic Pillar for Raya’s Growth

This acquisition extends Raya Holding’s existing investment trajectory in digital infrastructure. Raya Data Center Services is actively engaged in data center operations, cloud services, and managed services.

Previously, the group announced a significant partnership with Africa50, which invested $15 million alongside $10 million contributed by Raya Information Technology. This collaboration aimed to enhance data center capabilities and develop a new Tier III certified data center in Egypt.

Broader Implications for Raya Holding

The strategic significance of this move extends beyond a single asset acquisition. For Raya Holding, data centers have emerged as a core growth axis within its technology portfolio.

Recent financial performance highlights this momentum:

• H1 2026 Revenue: The group recorded 33.8 billion Egyptian Pounds in revenue.
• Year-on-Year Growth: A 22% increase compared to the same period last year.
• Market Demand: Technology activities continue to benefit from robust demand driven by the expansion of digital infrastructure across the region.

By securing this financing, Raya Holding positions itself to capitalize on Egypt’s evolving digital economy, reinforcing its role as a key player in the nation’s technological transformation.