National Bank of Egypt S.A.E agreed to acquire 24% stake in Aman Financial Services from Raya Holding Company for Financial Investments (S.A.E) (CASE:RAYA) on July 19, 2020. Under the terms of the deal, Raya will sell 9 million shares in Aman at EGP 53.33 per share. National Bank of Egypt S.A.E completed the acquisition of 24% stake in Aman Financial Services from Raya Holding Company for Financial Investments (S.A.E) (CASE:RAYA) for approximately EGP 480 million on April 25, 2021. Matouk Bassiouny Independent Law Firm acted as legal advisor and Grant Thornton Financial Consulting for Marketable Securities S.A.E acted as financial advisor to National Bank of Egypt S.A.E. Pharos IPO Promotion and Coverage acted as financial advisor to Raya Holding Company for Financial Investments.