ArabFinance: Abu Dhabi Commercial Bank (ACDB) has intended to sell its 51.54% stake in Alexandria New Medical Centers (Alex NMC) (AMES) capital, according to the recent statement of Alex NMC.

The potential buyer of ADCBs stake may submit a Mandatory Tender Offer (MTO) on the remaining shares of Alex NMC in accordance with the applicable laws and regulations.

The bank appointed CI Capital Investment Banking as its exclusive financial advisor and sale process coordinator.

The listed company achieved a net profit of EGP 20.851 million in 2020, compared to EGP 24.712 million posted in 2019.

Alex NMC is an Egypt-based public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields.

The company focuses on the operation of a hospital, which consists of a range of medical specializations, including gynaecology, general surgery, and paediatrics, among others.

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