Raya Foods has announced a new investment of $40 million led by Helios Investment Partners, one of Africa’s largest investment funds with $3 billion in assets under management. This move is part of the company’s strategy to solidify its presence in both frozen and freeze-dried food sectors globally and locally.
Raya Foods is a leading player in Egypt’s food manufacturing industry, exporting its products to over 50 countries worldwide. With this new investment, the company aims to strengthen its position in frozen food exports and expand into the freeze-dried products market.
Following this investment, Raya Foods‘ market value has reached $65 million. The company plans to use the new funding to build a modern facility with an annual production capacity of 1,500 tons of freeze-dried products, marking a significant step towards meeting the growing demand for such products globally.
