Arab Finance: BDO, the independent financial advisor (IFA) of Arabian Food Industries Company (Domty) (DOMT), has set the fair value (FV) of Domty’s stock at EGP 6.90, according to a statement filed to the Egyptian Exchange (EGX) on September 6^th.

Accordingly, the FV of Domty is 38% higher than the price of EGP 5 per share offered by Expedition Investments.

The FV study was reviewed by the Financial Regulatory Authority (FRA).

On August 16^th, the FRA approved the submitted offer by Expedition Investments to acquire up to 34% stake in Domty at a price of EGP 5 per share.

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.

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