Raya Holding (RAYA) chairman Medhat Khalil said the company is studying the establishment of a micro-insurance company as a subsidiary of Aman Holding.
More Details🧐 RAYA’s subsidiary Aman Holding has a capital of EGP 615 million & is 76% owned by RAYA & 24% by the National Bank of Egypt (NBE). Aman provides a variety of financial services such as e-payments, consumer finance, & microfinance.
Why is this Important🤔 Khalil said that a micro-insurance company is in line with the RAYA’s plan to build a complete financial inclusion system. He added that RAYA aims to achieve an annual growth rate of “35-40%” in its non-banking financial services over the next three years.
