Through this deal, Helios will gain a 49% stake in Raya Foods, signaling confidence in the company’s potential to expand its manufacturing and export capabilities globally.

Raya Foods, Egypt’s second-largest exporter of frozen fruits and vegetables, is already exporting to over 50 countries, with a strong foothold in Europe and the Americas.

The company aspires to lead the Egyptian market as its top exporter of frozen goods and become the first in Egypt to manufacture and export freeze-dried fruits and vegetables.

Ahmed Khalil, CEO of Raya Holding, hailed the investment as a strategic milestone, reflecting investor trust in Raya’s vision for growth.

“This investment aligns with our objectives to expand across various sectors and increase foreign currency revenue through one of our fastest-growing subsidiaries. With this new freeze-drying facility, Raya Foods is poised to diversify products, boost production, and enhance exports,” Khalil remarked.

Omar Abdelaziz, CEO of Raya Foods, added that the company’s partnership with Helios marks a transformative phase.

“Securing $40 million from Helios highlights Raya Foods’ rapid growth over the last five years and our potential for sustained progress. This investment will help us cement our position as Egypt’s largest frozen food exporter, with our annual production now reaching 50,000 tonnes. The addition of a second facility will further support our mission to lead in freeze-dried exports,” Abdelaziz stated.

Raed Barkatis, Helios Investment Partners’ head of consumer and healthcare, expressed optimism about the collaboration, describing it as a mutual growth opportunity.

The investment underscores a growing trend of international interest in Egypt’s food production sector, positioning Raya Foods for greater influence in the global market while contributing to the country’s economic growth.