Al Baraka Bank Egypt intends to acquire a majority stake in Al Tawfeek Leasing Company through a mandatory tender offer (MTO), the Financial Regulatory Authority (FRA) announced.

The board of directors of MM Group for Industry and International Trade (MTI) has approved swapping nearly 40.5% of shares in Basata Holding for Financial Payments via a non-cash share swap transaction at a par swap ratio of 1:1.

The board of directors of B Investments has approved swapping all of its shares amounting to around 16.5% in Basata Holding for Financial Payments via a non-cash share swap transaction at a swap ratio of 1:1.

Cairo Housing and Development Company (ELKA) has submitted a mandatory tender offer (MTO) to acquire around 50.87%, or 133 million shares, in United Housing and Development (UNIT) via a share swap at a 3:1 ratio.

B Investments' board of directors has thumbed up raising the firm’s share capital by issuing around 58.338 million shares.

Cairo for Investment and Real Estate Development’s (CIRD) board has approved submitting a purchase offer to raise the company’s share in the United Housing and Development’s (UNIT) to 90% via share swap.

EFG Finance, a subsidiary of EFG Holding, is seeking to acquire a stake in the Saudi PayTabs by participating in raising the latter’s capital via a share swap.