Raya Holding denies having relations to MB Hassan Malik
Muslim Brotherhood businessman Hassan Malik - YOUM7 (Archive)

CAIRO: Raya Holding company for technology and communication denied having relations to Muslim Brotherhood businessperson Hassan Malik, in response to rumors spread on media outlets that Malik was a shareholder in the company.

Raya released a statement on Monday saying the rumors were “completely untrue,” as “Malik was never a shareholder in the company or any of its related subsidiaries.”

“Malik was never on the company’s board of directors and never held an executive position in the company since its establishment in 1999,” the statement added.

Hassan Malik is a prominent MB figure and one of its largest financiers.

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