FRA reviews stake acquisition offer for 20% of Spinalex’s shares

The Financial Regulatory Authority (FRA) announced a voluntary tender offer, submitted by a consortium comprised of New Construction Chemical and ESCOM Company, to acquire a significant stake in Alexandria Spinning and Weaving Company (Spinalex), as per a disclosure.

The consortium intends to acquire 72.072 million shares, representing 20% of Spinalex's total share capital, at a purchase price of EGP 15 per share.

Meanwhile, the FRA is currently reviewing the draft offer, which was submitted at the close of trading on April 2 nd, 2026.

Spinalex posted 99.77% year-on-year (YoY) lower net profits after tax at EGP 59,316 during the first quarter (Q1) of fiscal year (FY) 2025/2026.