Mohamed Shalaby, Amr Ibrahim Aboul Oyoun and others made a mandatory tender offer to acquire the 76.1% stake in Assiut Islamic Trading Co. from Abu Dhabi Islamic Bank - Egypt S.A.E., its subsidiary El Kahera El Watania Investment and others for approximately EGP 140 million.

Mohamed Shalaby, Amr Ibrahim Aboul Oyoun and others made a mandatory tender offer to acquire the 76.1% stake in Assiut Islamic Trading Co. (CASE:AITG) from Abu Dhabi Islamic Bank - Egypt S.A.E. (CASE:ADIB), its subsidiary El Kahera El Watania Investment (CASE:KWIN) and others for approximately EGP 140 million on February 23, 2021. The retail investors offered to acquire at least 51% stake of Assiut Islamic Trading Co., at EGP 28.5 per share, topping their stake to 100%.

The MTO was carried out on 4.8 million shares at a total value of EGP 139.3 million. The Egyptian Financial Regulatory Authority (FRA) approved the publication of the mandatory tender offer (MTO).