Alexandria Development Limited made an offer to acquire remaining 11.07% stake in Alexandria Portland Cement Co. (S.A.E) (CASE:ALEX) for approximately EGP 300 million on December 9, 2019. The shares will be purchased in cash at a price of EGP 6 per share. Alexandria Development holds 88.93% stake Alexandria Portland. Upon the completion of the acquisition process, Alexandria Development plans to delist the shares of Alexandria Portland Cement from the EGX. Alexandria Development Limited completed the acquisition of additional 0.84% stake in Alexandria Portland Cement Co. (S.A.E) (CASE:ALEX) for EGP 23.1 million on May 20, 2020. Alexandria acquired 3.844 million shares at a price of EGP 6 per share.