• Tuesday, 7 July 2020

    Court postpones ruling on Raya dispute as founder Medhat Khalil seeks settlement

    DISPUTE WATCH- Court postpones ruling on Raya-FRA dispute as founder Medhat Khalil seeks settlement: The Cairo Economic Court has postponed a hearing that was scheduled for Sunday to look into an appeal by Raya Holding Chairman Medhat Khalil against a...
  • Wednesday, 1 July 2020

    Medhat Khalil pays EGP 10 mn fine to Egypt’s FRA over Raya ownership limits

    DISPUTE WATCH- Medhat Khalil pays EGP 10 mn fine to FRA over Raya ownership limits: Medhat Khalil has paid an EGP 10 mn fine the Financial Regulatory Authority (FRA) had handed him last year after it said he had crossed...
  • Thursday, 25 July 2019

    Justice Ministry committee adjourns Raya case against FRA to 22 Sep

    DISPUTE WATCH- Raya’s case against the FRA adjourned to 22 September: The Justice Ministry’s dispute resolution committee has adjourned a case filed by Raya Holding’s Chairman Medhat Khalil against the Financial Regulatory Authority (FRA) to 22 September, sources close to...
  • Sunday, 9 June 2019

    State Council adjourns Medhat Khalil’s lawsuit against FRA to July

    DISPUTE WATCH- Medhat Khalil seeks Justice Ministry intervention in dispute with FRA: Raya Holding’s Chairman Medhat Khalil filed a request with the Justice Ministry’s dispute resolution committee to mediate in ongoing disputes with the Financial Regulatory Authority (FRA). Khalil is...
  • Sunday, 26 May 2019

    FRA files lawsuit against Raya’s Medhat Khalil for not paying fine

    DISPUTE WATCH- FRA files lawsuit against Raya’s Medhat Khalil for not paying a fine: Regulators have filed a lawsuit against Raya Holding Chairman Medhat Khalil, alleging he has failed to pay an EGP 11 mn fine handed out after he...
  • Wednesday, 10 April 2019

    Medhat Khalil acquires 26.7% of Raya Holding shares in MTO

    M&A WATCH- Medhat Khalil acquires 26.7% of Raya Holding shares in MTO: Raya Holding Chairman Medhat Khalil bought 26.7% (56.919 mn shares) of Raya Holding through his El Pharonia Real Estate Investment at a cost of EGP 314.76 mn in...
  • Wednesday, 10 April 2019

    Medhat Khalil acquires 26.7% of Raya Holding shares in MTO

    M&A WATCH- Medhat Khalil acquires 26.7% of Raya Holding shares in MTO: Raya Holding Chairman Medhat Khalil bought 26.7% (56.919 mn shares) of Raya Holding through his El Pharonia Real Estate Investment at a cost of EGP 314.76 mn in...
  • Wednesday, 10 April 2019

    Medhat Khalil acquires 26.7% of Raya Holding shares in MTO

    M&A WATCH- Medhat Khalil acquires 26.7% of Raya Holding shares in MTO: Raya Holding Chairman Medhat Khalil bought 26.7% (56.919 mn shares) of Raya Holding through his El Pharonia Real Estate Investment at a cost of EGP 314.76 mn in...
  • Sunday, 16 December 2018

    What we’re tracking this week and beyond

    FRA to look into an appeal by Raya’s Khalil on 23 December: The Financial Regulatory Authority (FRA) will hold a hearing on 23 December to review the conditions it set for Raya Holding founder Medhat Khalil’s mandatory tender offer (MTO)...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.