4 Jul 2022 07:00
Disclosure to the shareholders of Arabian Food Industries Company (Domty) S.A.E. |
The company would like to disclose to its shareholders that the Financial Regulatory Authority ("FRA") has issued a public disclosure on July 3, 2022, providing the following: |
On July 3, 2022, a mandatory tender offer has been submitted by Expedition Investments, which represents a consortium of investors, to acquire up to 96,188,856 shares representing 34% of the share capital of the Arabian Food Industries Company (Domty) S.A.E ("Target Company"), where such acquisition along with the related parties' ownership shall amount to 90% of the share capital of the Target Company, at a cash price of EGP 5 per share, in accordance with the provisions of chapter twelve of the Executive Regulations of the Capital Market Law No. 95 of 1992, and that the offer is currently being reviewed by the Financial Regulatory Authority (FRA) and all shareholders and dealers of the Target Company's shares shall take this into account. |