Established in 1999 through the merger of seven Egyptian IT companies, Raya Holding operates through a diversified portfolio of 40 companies. In October 2024, Raya Foods, a subsidiary of Raya Holding, secured a $40 million investment from Helios Investment Partners for a 49% stake in the company. In December 2024, Raya Holding announced a strategic $15 million investment in Raya Data Center from Africa50, with an additional $10 million from Raya Information Technology to build a Tier III data center in Egypt. The company’s net profit grew by 237% in 2024.