Arab Finance: The Financial Regulatory Authority (FRA) has approved the submitted offer by Expedition Investments to acquire up to 34% stake in Arabian Food Industries Company (Domty) at a price of EGP 5 per share, according to a statement on August 16^th.

Accordingly, Expedition Investments will purchase up to 96.188 million shares, giving it an ownership of 90% in Domty.

On April 3rd, Domty announced receiving a non-binding offer from Expedition Investments to purchase up to 90% of Domty’s capital.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

Buffett's Berkshire takes $4.48 bln stake in Phillips 66 Updated 8/30/2015 2:40:47 PM

Pacific Controls acquires equity in WSO2 Updated 8/25/2015 10:54:20 AM

EY acquires Seren of UK Updated 8/23/2015 2:46:08 PM

2 investors raise stakes in Sabaa to 0.22% & 35.32% Updated 8/24/2015 8:41:59 AM

Dice to purchase 1,600 m shares in ETC for LE19,840 m Updated 8/19/2015 11:09:58 AM