Strategic Stake by Helios Investment Partners
Egypt’s Raya Foods has received a substantial $40 million investment from Helios Investment Partners, granting Helios a 49% stake in the company. This investment underscores Helios’ confidence in Raya Foods’ potential to expand both its manufacturing capacity and global market reach, further cementing the firm’s international presence.
Egypt’s Rising Leader in Frozen Exports
Currently Egypt’s second-largest exporter of frozen fruits and vegetables, Raya Foods exports to over 50 countries with strong markets in Europe and the Americas. With this new funding, Raya Foods aims to lead the Egyptian market in frozen goods and to pioneer the export of freeze-dried fruits and vegetables.
Accelerating Growth and Diversification
Ahmed Khalil, CEO of Raya Holding, sees the investment as a strategic milestone that will fuel growth and diversify revenue streams:
“This aligns with our goals to expand across various sectors and boost foreign currency revenue,” Khalil stated. With the addition of a new freeze-drying facility, Raya Foods is set to broaden its product offerings, increase production, and strengthen export operations.
New Phase of Expansion for Raya Foods
Omar Abdelaziz, CEO of Raya Foods, celebrated the partnership, marking it as a transformative phase for the company:
“Helios’ $40 million investment highlights our rapid growth over the past five years and our future potential. This funding enables us to solidify our position as Egypt’s largest frozen food exporter, with annual production now at 50,000 tonnes. A second facility will further enhance our role as a leader in freeze-dried exports.”
Strengthening Egypt’s Food Production Sector
Raed Barkatis, head of consumer and healthcare at Helios Investment Partners, expressed optimism, describing the collaboration as a mutual growth opportunity. This investment reflects an increasing trend of international interest in Egypt’s food production industry, positioning Raya Foods to expand its global impact while contributing to Egypt’s economic development.