Raya Contact Center’s BoD approves new leased facility in Cairo, establishment of KSA subsidiary
Raya Contact Center’s (RCC) (RACC.CA) board of directors (BoD) approved: i) the new west Cairo expansion, adding a leased facility of 3,000 sqm in the 6th of October City, which is expected to accommodate c440 seats; and ii) a new subsidiary to be incorporated in KSA with a capital of SAR1mn, according to a company disclosure. The establishment of the KSA subsidiary is meant to strengthen the company’s expansion in the GCC region, according to RCC CEO Reem Asaad.
Raya Contact Center: EGP14.68 as of 26 Nov. 2017, Rating: Buy, TP: EGP19.60/share, MCap: USD83mn, RACC EY/RACC.CA
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