Egyptian firm Raya Foods has secured a significant $40 million investment from Helios Investment Partners. Through this deal, Helios will acquire a 49% stake in Raya Foods, demonstrating strong confidence in the company’s potential to expand its manufacturing and export capabilities on a global scale.
Raya Foods, Egypt’s second-largest exporter of frozen fruits and vegetables, currently exports to over 50 countries, with a robust presence in Europe and the Americas. The company aims to become the leading exporter of frozen goods in the Egyptian market and the first in Egypt to manufacture and export freeze-dried fruits and vegetables.
Ahmed Khalil, CEO of Raya Holding, celebrated the investment as a strategic milestone, reflecting investor trust in Raya’s vision for growth;
This investment aligns with our objectives to expand across various sectors and increase foreign currency revenue through one of our fastest-growing subsidiaries. With this new freeze-drying facility, Raya Foods is poised to diversify products, boost production, and enhance exports.
Omar Abdelaziz, CEO of Raya Foods, emphasized that the partnership with Helios marks a transformative phase for the company;
Securing $40 million from Helios highlights Raya Foods’ rapid growth over the last five years and our potential for sustained progress. This investment will help us cement our position as Egypt’s largest frozen food exporter, with our annual production now reaching 50,000 tonnes. The addition of a second facility will further support our mission to lead in freeze-dried exports.
Raed Barkatis, Helios Investment Partners’ head of consumer and healthcare, expressed optimism about the collaboration, describing it as a mutual growth opportunity. The investment underscores a growing trend of international interest in Egypt’s food production sector, positioning Raya Foods for greater influence in the global market while contributing to the country’s economic growth.
