Rooya Group

Deal Highlights :

• Entry Oct. 2014: EGP 250mn six-month interest bearing convertible loan, in May 2015 the loan and interest got converted into a 13% equity stake
• Exit: IPO Q3 2017
• Expansion Capital
• Board Representation

Company Description :

• Rooya Holding is a key player in the real estate sector. The company currently has ~ 9mn sqm of land bank distributed all over Egypt, of which 6mn sqm is still underdevelopment.
• The company has 4 main projects under development: 1) Stone Park, a mixed use project with a total investment cost of EGP 15bn; 2) Telal Sokhna residential project with a total investment cost of EGP 3.5 bn; 3) Telal Sahel residential project with a total investment cost of EGP 700mn; 4) Sixth of October project with a total investment cost of EGP 700mn

Deal Rational :

• Reputable developer with large and low cost underdeveloped land bank distributed all around Egypt
• Attractive entry valuation a 42% discount-to-NAV
• A diversified revenue stream generated from sales of primary and second homes, and leasing income from commercial properties