FRA nods to raising MTO price to acquire 46.9% stake in Dice to EGP 0.8/share

Updated 11/8/2023 11:00:00 AM
FRA nods to raising MTO price to acquire 46.9% stake in Dice to EGP 0.8/share

Arab Finance: The Financial Regulatory Authority (FRA) has approved a request submitted by a consortium made up of Toma for Commercial and Industrial Investments and Maged Samir Toma Thomas on amending the price of their preliminary mandatory tender offer (MTO) submitted earlier for 46.9%, or 838.138 million shares, Dice Sport and Casual Wear, a statement showed.

Accordingly, the MTO price has been upped from EGP 0.65 per share to EGP 0.80 per share.

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