Kingsway Capital LLP made an offer to acquire Al - Eqbal Investment Co. (PLC) (ASE:EICO) on September 10, 2019. Kingsway Capital LLP will pay JOD 16 per share. Kingsway Capital LLP intends to fund the acquisition through combination of debt and equity financing. The offer is subject to completion by Kingsway Capital LLP its offer related financing arrangements, approval by EICO shareholders representing not less than 75% votes and receipt of all Jordanian regulatory approvals. Shareholders meeting of EICO will be held on April 2, 2020 for resolve the transaction. As of October 1, 2020 EICO Board grants additional period to buyer until October 18, 2020 to completed the transaction. The fairness opinion provider engaged by the Board of EICO concludes that the offer is fair and reasonable. Completion is expected by end of Q2 2020. Murray Cox, Jack Hull, Tristan Goodman, Ritish Desai, Phil Linnard, Adrien Mallevays and Dominic Robertson of Slaughter and May acted as legal adviser for Kingsway Capital LLP.