Alexandria National gets acquisition offer from UAE company
Updated 2/2/2021 12:10:00 PM
ArabFinance: Alexandria National Company for Financial Investment (ANFI) received an offer from Zeta Investment, an Emirati company, to acquire 90% of the company's stocks, according to a February 2nd statement to the Egyptian Exchange.
The UAE-based company offered a price of EGP 5.51 per share.
Last month, the company received similar a offer from Zaldi Capital to acquire 90% of the former’s capital at EGP 5.50 per share.
In December 2020, Alexandria National Company has received a purchasing offer from a group of investors represented by Ahmed Farouk to acquire 84.99% of the company's capital.
Earlier, Kayan offered to purchase up to 90% of Alexandria National’s shares at a value of EGP 5.3 per share.
The company turned to profit during the first nine months of 2020, achieving a net profit of EGP 5.93 million.
Abu Dhabi Islamic Bank owns 84.99% of direct and indirect stake in Alexandria National Company.
