The Clap
Raya Electronics, a subsidiary of the Raya Holdings group (RAYA), has shown its intentions to invest EGP 200 million in the second half of 2022.
The Deets
Raya Electronics will use the funds in order to expand and open up 10 more branches for their stores.
They are targeting to have more than 70 branches by the year end 2022, up from their current 61 branches.
But wait, there’s more!
In addition to that, they plan on expanding more in Nigeria.
They had recently had a capital increase worth around EGP 100 million to use for expansion.
Raya Electronics expanding in 2nd half of 2022 💻
