Mohamed Bin Said Basamah made a mandatory tender offer to acquire remaining 39.9% stake in Univert Food Industries Co. from Northern Upper Egypt For Development & Agricultural Production Co. (CASE:NEDA), Ameen Abdel-Khalek Hasan Moustafa and others for EGP 35.8 million on April 26, 2018. Under the terms of the transaction, Mohamed Bin Said Basamah will acquire 35.84 million shares at EGP 1 per share. Northern Upper Egypt For Development & Agricultural Production will sells its entire 7% stake, and Ameen Abdel-Khalek Hasan Moustafa will sell 4.5% stake. As on July 17, tender will commence from July 18, 2018 till end of August 15, 2018. The offer is subject to approval of Financial Regulatory Authority. As on July 16, 2018, Financial Regulatory Authority has approved the offer. As on August 5, 2018, the Board of Directors of Univert Food Industries approved the tender offer. Mohamed Bin Said Basamah completed the acquisition of 32.3% stake in Univert Food Industries Co. from Northern Upper Egypt For Development & Agricultural Production Co. (CASE:NEDA) and others for EGP 29 million on August 15, 2018.