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Wednesday, 19 May 2021

Raya on verge of acquiring GCC call center company

Raya Contact Center is on course to acquire 100% of an unnamed call center company based in the Gulf after its USD 14.2 mn offer was accepted by the firm, Raya said in regulatory filing (pdf). The transaction is still “conditional on the negotiations and successfully executing all the definitive agreements,” Raya said without providing further details. This comes as Raya looks to expand its footprint in the GCC, particularly in Saudi Arabia. Raya submitted its initial offer to acquire the call center back in October. It hasn’t made public the target’s name.

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