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Alexandria National receives purchasing offer from group of investors

Alexandria National receives purchasing offer from group of investors

ArabFinance: Alexandria National Company for Financial Investment has received a purchase offer from a group of investors represented by Ahmed Farouk to acquire 84.99% of the company's capital, according to the company’s statement filed to the Egyptian Exchange.

The group offers to buy Alexandria National’s stock at EGP 5.32 per each.

It is worth mentioning that Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) directly owns 9.04% of Alexandria National and 84.99% directly and indirectly. As well as Cairo National Company for Investment and Securities owns 40.96% of Alexandrian National. 

Earlier, Kayan offered to purchase up to 90% of Alexandria National’s shares at a value of EGP 5.3 per stock.

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