By ; Wasem Emam
Under the patronage of Prime Ministry Dr. Mostafa Madbouly, Egypt Summit for the Top 100 Companies 5th Round awards Raya Holding for Financial Investment among Egypt’s top 100 companies with the leadership of Medhat Khalil, the Founder and Chairman & CEO of Raya Holding. The award ceremony was witnessed by HE Dr. Mohamed Al-Assar Minister of State for Military Production, HE Dr. Hala El Saeed the Minster of Planning, Monitoring and Administrative Reform, HE Dr. Nevine Kabbaj, Minister of Social Solidarity, HE Dr. Hisham Tawfik, Minister of Public Entrprise Sector, HE Dr. Nevine Gamea, Minister of Commerce & Industry, HE Dr. Rania Al-Mashat, Minister of International Cooperation, HE Ambassador Dr. Nabila Makram, Minister of Immigration and Egyptian Expatriates Affairs, and also many prominent Economic and Business men and Public Figures -with the participation of 700 Executive Leaders - .
The awards ceremony recognised and honoured Raya Holding and the company’s strength of operations in the market, as well as its continuous development, becoming one of the top 100 companies in the market.
In the awards ceremony , Hossam Hussein, Chief Financial Officer at Raya Holding, received the award on behalf of Medhat Khalil, Chairman and CEO of Raya Holding for Financial Investment. Raya Holding’s selection for this award and honor, was a result of an in-depth analysis and classification under the patronage of the prime minister in cooperation with SHUAA Securities Egypt. The qualification for this classification and selection for the award was based on a study of the largest and most important and prominent companies listed on the Egyptian Stock Exchange, through seven necessary metrics to measure the companies’ performance including: the market value of the company, the evolvement and growth of revenue and profitability. The list of Top 100 companies includes a variety of industries with Raya Holding standalone diversified scope spanning Aman for E-Payments, Non-Banking Financial Services, Microfinance, call centers, information technology, trade and distribution, heavy transport, manufacturing, including light transport vehicles, recycling of plastic waste, and the production of frozen vegetables and fruits in addition to exporting and restaurants.
The summit is also keen on celebrating annually the leaders of the companies and women who are influential and who contribute strongly to the transformations that occur in the Egyptian economy and the growth rates of the country's gross domestic product, in line with the ambitious economic program adopted by the political leadership in cooperation with the private sector partners, which won the praise of many international institutions and world ranking centers.