Cairo – Mubasher: Alexandria National Company for Financial Investment has received an acquisition offer from an alliance led by Ahmed El-Sabea.

The alliance, comprised of Wise Financial Advisors and the Saudi investor Mostafa Al Hamidan, offered to acquire from 75% to 90% of the company’s shares at EGP 7.48 per share, the company said in a bourse disclosure on Monday.  

During the first nine months of 2020, the company reported net profits of EGP 5.93 million, against net losses of about EGP 421,610 in the corresponding period a year earlier.