BRIEF — Raya Holding Board Approves Subscription By Raya Integration In Raya Data Center Capital Increase

Sept 24 (Reuters) — RAYA HOLDING FOR FINANCIAL INVESTMENT: Raya Holding - Board Conditionally Approves Subscription By Raya Integration In Capital Increase Of Its Subsidiary, Raya Data Center Raya Holding - Subscription By Raya Integration N Capital Increase Of Raya Data Center, In An Aggregate Amount Not Exceeding $60 Million Raya Holding -Proceeds Of Capital Increase Shall Be Used Exclusively To Fund Equity Portion Of Purchase Price Payable In Connection With Acquisition Raya Holding -Portion Shall Be Denominated In United States Dollars Raya Holding - Board Confirms That Raya Integration's Equity Portion Of Purchase Price, Of Up To $60 Million Is Available And Unencumbered Raya Holding - Capital Increase May Be Implemented In One Or More Tranches, In United States Dollars, Egyptian Pounds, Or A Combination Of Both, Raya Holding - Applicable Exchange Rate Shall Be Rate Applied By Executing Bank On Each Payment Date Raya Holding - No Part Of These Funds Is Subject To Any Lien, Pledge, Or Encumbrance Further company coverage: RAYA.CA (Reuters.Briefs@thomsonreuters.com;)