Cairo-Mubasher: The Egyptian Exchange (EGX) announced Thursday that it has executed the mandatory tender offer submitted by Pavagato Rajoram Shiti to buy 13.65% of the company.

The buy offer was carried out on 77,310 shares at EGP 22.5 each.

The mandatory tender offer was valid for ten working days from 13 January until 10 February.

The deal will be executed through EGX within five working days after the end of the tender offer period.

Alexandria New Medical Center is capitalised at EGP 48.4 million, or 6.05 million shares at EGP 8 par value each.