Aman Holding, a subsidiary of the Egyptian investment holding company Raya Holding, has received offers from 24 local and foreign financial institutions to acquire a minority stake in its capital.
According to Medhat Khalil (pictured), chairman of Raya Holding group, this solicitation of investors reflects their interest in the financial services set up by the group and their future returns. Aman Holding operates in the electronic payments sector (Aman for E-payments), financial services for unbanked populations (Aman for Financial Services) and in microfinance (Aman for Microfinance).

Raya Holding, which is listed on the Egyptian Exchange, holds a majority stake in each of the three companies integrated within its subsidiary Aman Holding.
Launched at the end of 2016, Aman for E-payments has initiated partnerships with more than 150 institutions, mainly banks and telecom operators to deploy e-payment solutions. The company carries out an average of 1 million transactions per day.

Aman for Financial Services, also operational since 2016, had a turnover of EGP155 million at the end of 2018. Launched in 2018, Aman for Microfinance has already financed around 8,000 projects by providing loans totaling EGP75.4 million.

Chamberline Moko