Raya Contact Center (RCC) announced today the offering of up to 48,994,000 existing ordinary shares, representing 48.99% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX), currently owned by Raya Holding for Financial Investments, the selling shareholder.
The offering will include an international offering to institutional investors, an Egyptian retail offering to retail investors in Egypt—collectively constituting the combined offering—and a closed subscription, which allows the selling shareholder to choose from submitted offers for the shares sold in the closed subscription offering.
The international offering shares, the Egyptian retail offering shares and the closed subscription shares will be offered and sold at the same price, the offering price.
RCC received in February 2015 permission to list its shares on the EGX under the symbol RACC.CA. RCC has submitted the Public Subscription Notice (PSN) to the EGX on 29 March and is awaiting approval to proceed with the offering and for admission for trading the shares on the EGX.
“We are now in the middle of a transformation process of becoming a multinational service provider. As much as this gives us pride of our accomplishments and aspirations for what is yet to come, it also implies significant work ahead that is needed to kick off and streamline our operations across our new locations. The future holds a lot of potential for Raya Contact Center, and we are geared up for the challenge.”
During the first 11 months of 2016, RCC processed an average of 8 million transactions per month, as compared to approximately 6.5 million in the corresponding period in 2015.
