ArabFinance: Egyptian Financial Supervisory Authority accepts complaint which is presented from the shareholder Ahmed Rashad Mohamed in regard his exemption from submitting an obligatory tender offer to buy 1.2 million shares representing 60% from National Drilling - (NDRL) shares.

National Drilling announced on February 06, 2017 to EGX, it has negotiated with main shareholders to buy the entire company shares at $8.335. The company capital distributed by 50% for Al-Safat investment company, 39% for businessman Ahmed Rashad's family and the rest of shares divided over small investors.  

Ahmed Rashad has submitted a complaint due to delay letting him implement an obligatory tender offer over 60% from National Drilling shares until the company complete listing requirement in Egyptian stock exchange.