Ash Profit Holdings Ltd agreed to acquire 40.21% stake in Migdalor- Alternative Products Ltd (TASE:MGDA) from Mordechai Weiss, Ran Tsadikyu, and Moti Dvir for EGP 2.1 billion on November 29, 2023. A total of 48,390,177 shares constituting 40.21% of the issued and paid up share capital of the company were acquired from 24,000,000 shares (19.94%) were acquired from Mordechai Weiss, 14,790,177 shares (12.29%) were acquired from Ran Tsadikyu and 9,600,000 shares (7.98%) were acquired from Mr. Moti Dvir for EGP 42.5 per share.

Ash Profit Holdings Ltd completed the acquisition of 40.21% stake in Migdalor- Alternative Products Ltd (TASE:MGDA) from Mordechai Weiss, Ran Tsadikyu, and Moti Dvir on December 21, 2023.