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Zahraa Maadi Investment & Development is preparing for a significant shift in ownership as investors Ahmed Tarek Khalil and Mohamed Farouk Abdel Moneim have moved forward with a mandatory offer to acquire a 90% stake in the company at a price of EGP 6.95 per share. The development surfaced through regulatory disclosures and reflects ongoing consolidation activity in Egypt's real estate and investment sector. Zahraa Maadi, which has been active in residential and mixed-use developments for years, may see operational changes once the acquisition process progresses.
Zahraa Maadi Investment & Development is moving toward a major ownership transition after investors Ahmed Tarek Khalil and Mohamed Farouk Abdel Moneim initiated a mandatory tender offer to purchase 90% of the company at a price of EGP 6.95 per share. The details became public through disclosures made during the past week, indicating that the investors are seeking a controlling position in the long-established real estate developer. Advertisement
The company, known for its residential and urban development projects in the Maadi area and surrounding districts, has previously undergone phases of restructuring and project diversification. The new acquisition move aligns with the pattern seen in Egypt's real estate and investment market, where strategic buyers have been expanding their portfolios despite fluctuating economic conditions.
Zahraa Maadi has maintained its position as a notable player in mid-income and mixed-use development segments, and the potential ownership shift may influence its future planning and capital allocation. The offer price of EGP 6.95 per share reflects the valuation determined under tender offer rules and positions the transaction as one of the more notable market moves this month. Further updates from regulators and the company are expected as the transaction progresses.
Source Reuters
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