Raya Holding Company for Financial Investments (S.A.E) (CASE:RAYA) is planning to list up to 30% of its subsidiary Raya Information Technology (Raya IT) on the Egyptian Exchange (EGX) in October, Chief Financial Officer Hossam Hussein told Al Borsa News. Raya IT is one of three firms, including Raya for Trade and Distribution and Aman for Financial Services, that the group intends to offer stakes in on the EGX as soon as the market conditions improve, Hussein noted. Hussein previously announced that EFG Holding is the offering?s advisor.

He pointed out that the group plans to engage in securitization operations in the coming period; however, it is anticipating a decrease in interest rates.