A group of investors represented by Ahmed Farouk made an offer to acquire 85% stake in Alexandria National Company For Financial Investment SAE from Abu Dhabi Islamic Bank - Egypt S.A.E., El Kahera El Watania Investment and others for EGP 23.6 million.

A group of investors represented by Ahmed Farouk made an offer to acquire 85% stake in Alexandria National Company For Financial Investment SAE (CASE:ANFI) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB), El Kahera El Watania Investment (CASE:KWIN) and others for EGP 23.6 million on December 27, 2020. Under the terms of the transaction the offer price is EGP 5.32 per share. ADIB Egypt owns a direct stake of 9.04% and a total direct and indirect stake of 84.99% in Alexandria National Company For Financial Investment SAE.

El Kahera El Watania Investment owns 40.96% stake in Alexandria National Company For Financial Investment SAE. In related transaction Kayan for Sustainable Development made an offer to acquire 90% stake in Alexandria National Company For Financial Investment SAE from Abu Dhabi Islamic Bank - Egypt S.A.E. and others for EGP 24.9 million on December 21, 2020. On January 21, 2021, the deal is approved by the Board of Directors of El Kahera.