Raya Foods Secures $40M to Expand Freeze-Dried Production & Reach

Raya Foods, a portfolio company of Raya Holding and a leading Egyptian food processing company, has secured a $40 million investment led by Helios Investment Partners, one of Africa’s largest investment funds with $3 billion in assets under management.

This new influx of capital positions Raya Foods to further solidify its place as a regional leader in frozen food exports, while expanding into the growing freeze-dried products market. The funds will be used to build a state-of-the-art facility capable of producing 1,500 tons of freeze-dried goods annually, marking a significant leap in its product portfolio.

With an enterprise value now reaching $65 million, Raya Foods continues to gain momentum as a key player in the global food market, exporting to over 50 countries. Over the past five years, the company has seen its revenues grow at an impressive 50% compound annual growth rate (CAGR), while maintaining a healthy 30% EBITDA margin.

Raya Foods has plans to further increase its production capacity and introduce new product lines in the coming years, signaling continued growth and innovation in Egypt’s food sector.