Egyptian Media Production City (CASE:MPRC) agreed to acquire 64.7% stake in Arabian Hospitality L.L.C from The Arab Contractors Osman Ahmed Osman & Co. for approximately EGP 140 million on February 16, 2020. Under the terms of the transaction, Egyptian Media will pay EGP 115 per share for the 1.25 million shares of Arabian Hospitality held by Arab Contractors. The transaction was approved by the board of directors of Egyptian Media. Egyptian Media Production City (CASE:MPRC) cancelled the acquisition of 64.7% stake in Arabian Hospitality L.L.C from The Arab Contractors Osman Ahmed Osman & Co. on February 16, 2021.