Arab Finance: Egyptian Financial Supervisory Authority (EFSA) announced the entire stake owned by the chairman of Alexandria New Medical Center (AMES) Bavaguthu Raghuram Shetty and Josef Martin Louis Beneto (included in related parties) unfrozen as he submitted an obligatory tender offer to purchase 100% of the company’s capital.
EFSA added that the chairman has the right to manage his stake as well as vote in the general assemblies.
Source: EGX & Arab Finance editor