Orascom Investment Holding S.A.E. (CASE:OIH) made a voluntary offer to acquire 30% stake in Sarwa Capital Holding for Financial Investments (S.A.E) (CASE:SRWA) for EGP 1.6 billion on October 31, 2018. Under the terms of the offer, Orascom Investment Holding's letter to the Financial Regulatory Authority provided two options, the first is that Orascom Investment Holding will pay EGP 7.36 per share if it only acquired 216.03 million shares, the other is to pay EGP 6.62 per share if it acquired between 144.02 million and 216 million shares. Orascom Investment Holding has the right to accept or refuse to buy the offered shares in case the number of shares was less than 144.02 million shares. The transaction is subject to approval of the Financial Regulatory Authority. As of November 15, 2018, Orascom Investment Holding board has approved the transaction. As of November 26, 2018, Financial Regulatory Authority has approved the deal. As of December 12, 2018, a total of 261.82 million shares have responded to the offer. The OPR market will be open for 10 days starting November 28, 2018, until December 11, 2018.

Orascom Investment Holding S.A.E. (CASE:OIH) completed the acquisition of 30% stake in Sarwa Capital Holding for Financial Investments (S.A.E) (CASE:SRWA) on December 19, 2018.