Raya Integration, a unit of Cairo-based Raya Holding Company for Financial Investments, led by Egyptian businessman Medhat Khalil, has secured a 23.3 million EGP 1.13 billion credit facility from the Industrial Development Bank IDB. The financing is aimed at boosting digital infrastructure, cybersecurity, and projects that support financial inclusion in Egypts banking sector.
Supporting Egypts digital banking growth
The agreement will help Raya Integration expand its technology capacity and contribute to the Central Bank of Egypts financial inclusion initiatives. The funding comes at a time when Egypt is rapidly adopting digital payments and instant-transfer systems across its banking and financial services industry.