Raya Holding, an Egyptian funding firm, has confirmed plans to launch a digital financial institution by way of Aman Holding, its monetary providers subsidiary, in partnership with worldwide traders.
The firm disclosed the plan to the Egyptian Exchange on Monday. It remains to be getting ready the feasibility research and paperwork required to use to the Central Bank of Egypt (CBE). It has not named its potential companions or disclosed the financial institution’s proposed capital, launch date, or working mannequin.
Explain like I’m new right here: Raya has been listed on the Egyptian Exchange (EGX) since 2005; it operates throughout know-how, retail, manufacturing, logistics, hospitality, and monetary providers. Aman, its monetary providers arm established in 2016, affords digital funds, client financing, microfinance, agent banking, and SME financing. It has greater than 150,000 point-of-sale (PoS) terminals and greater than 250 branches. In H1 2026, Aman generated EGP 5.4 billion ($97.6 million) in income, up 38% year-on-year.
Egypt’s digital banking race is taking form: Egypt has been laying the groundwork since 2023, when the CBE launched guidelines for digital banks. Applicants want a minimum of EGP 2 billion ($36 million) in paid-up capital to conduct common banking actions, rising to EGP 4 billion ($72.3 million) in the event that they need to finance massive firms. The regulator additionally requires a monetary establishment to carry a minimum of 30% of the financial institution’s capital.
In March, Onebank, backed by state-owned Banque Misr, secured an working licence. Qatar National Bank (QNB), one of many Middle East and Africa’s largest banking teams, additionally obtained CBE approval in October 2025 for its digital-first financial institution, ezbank
Egypt’s monetary inclusion price reached 77.6% by the top of 2025. The alternative lies in getting prospects to do extra with their digital accounts, together with accessing credit score or financial savings merchandise.
