< Arab Finance - News - Assiut Islamic National receives purchasing offer from shareholder
Count Down to relaunch



Assiut Islamic National receives purchasing offer from shareholder

Assiut Islamic National receives purchasing offer from shareholder

ArabFinanceAssiut Islamic National for Trading and Development received a purchase offer from a consortium of investors represented by the company’s shareholder Amr Abd el-Nasser, according to December 28th statement filed to the Egyptian Exchange.

The investor has offered to purchase the company’s share at EGP 28.5 per each.

The company plans to sell its stake in five subsidiaries.

It is worth mentioning that Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) directly owns 40% of Alexandria National and 66.65% directly and indirectly.

Assiut Islamic is an Egypt-based public shareholding company engaged in the trade and distribution of building materials and agricultural machinery, and in the transportation sector. It is involved in marketing all types of grains, seeds, and agricultural crops, as well as the sale and export of cotton.

#Related keywords

'

Recommended Stocks

11 Oct 2020
Tenth Of Ramadan Pharmaceutica... RMDA
Close
00
Change
00
Buy

All rights reserved to Arab Finance 2020 ©

Back to top