31. Raya Holding

Sector: Investments
CEO and Managing Director: Ahmed Khalil
Market Value: $169 million
Sales: $660 million
Profits: $14 million
Assets: $671 million

Raya Holding was founded in 1999 through the merger of seven national IT companies. It currently operates in different areas, including IT, consumer electronics and home appliances trading, data center outsourcing services, smart buildings, food and beverage manufacturing and trading, among other sectors. The company employs more than 15,250 people, with a customer base spanning Egypt, Saudi Arabia, the U.A.E., Bahrain, Poland, and Nigeria, as of September 2022. The investment conglomerate manages 38 subsidiaries, including the e-payment and financial services provider company Aman Holding.