Egyptian tycoon Medhat Khalil’s family gains $173 million from Raya Holding in 2026

Medhat Khalil, Egyptian businessman and founder of Raya Holding for Financial Investments, has seen a substantial surge in the market value of his stake in the Cairo-based conglomerate following a sustained rally in the company’s share price on the Egyptian Exchange (EGX).

Raya’s founder stake nears $350 million amid stock rally

Medhat Khalil’s net worth has climbed by more than $170 million following a sustained rally on the Egyptian Exchange (EGX), pushing the stake of the Egyptian mogul closer to the $350 million mark.

As the largest shareholder, chairman and managing director of Raya Holding, Khalil wields considerable influence, holding a 56.5% stake, which amounts to roughly 2.42 billion shares in the Cairo-based investment conglomerate. Since the beginning of the year 2026, his stake has increased by more than $170 million.

Raya shows strong performance on EGX

Raya Holdings, formed in 1999 as a result of a merger between entities owned by Khalil and Orascom Group, stands as a key player in the Egyptian investment landscape. Khalil owns a majority stake of 56.5% in Raya Holdings, a total of 2.42 billion shares in the group. 

Raya continues to strengthen its portfolio following the partial sale of a 49% stake in Raya Foods to Helios Investment Partners for $40 million in 2024. The move, alongside its earlier share restructuring, has helped unlock value and position the group for expansion. With strong fundamentals and rising investor confidence, Raya Holding remains a key player on the Egyptian Exchange, driving sustained gains for its largest shareholder.

According to data tracked by Shore.Africa, the market value of Khalil’s stake in Raya Holding has climbed by EGP10.06 billion ($172.99 million) over the past 133 days, reflecting growing investor confidence in the Cairo-based investment conglomerate and sustained accumulation of its shares.

Earnings growth fuels investor confidence, market cap above $615 million

Raya Holding reported net profit of EGP384 million ($7.26 million) on revenue of EGP15.82 billion ($299 million), marking a 22.8% year-on-year increase. Growth was driven by strong performance across its core segments, particularly Raya Trade, which benefited from regional expansion and retail growth. The company’s balance sheet remains solid, with total assets reaching EGP55.56 billion ($1.05 billion) and retained earnings at EGP4.44 billion ($83.9 million).

Shares of Raya Holding have risen more than 120% in Egyptian pounds since the start of the year, climbing from EGP3.46 to EGP7.62. In dollar terms, the gain stands at about 98%, reflecting the impact of currency depreciation. The rally has lifted the company’s market capitalization to EGP32.54 billion ($615 million), signaling strong investor demand and sustained accumulation of the stock.

Khalil’s stake in Raya Holding nears $350 million

Due to the 120.23% increase in Egyptian pounds, equivalent to 98% increase in U.S. dollar terms in the group’s share price, the market value of the stake held by the Egyptian business tycoon has risen by EGP10.06 billion ($172.99 million) since the start of the year, from EGP8.37 billion ($175.58 million) on January 1 to EGP18.43 billion ($348.56 million) at the time of reporting. 

The recent surge in his stake in Raya Holdings, which contributes significantly to his multimillion-dollar fortune, solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.