Marsa Marsa Alam For Tourism Development SAE (CASE:MMAT) made a mandatory tender offer to acquire 68% stake in El Badr Plastic Company on April 4, 2018. Under the terms of the offer, Marsa Marsa Alam will acquire 4.97 million shares of El Badr Plastic Company. The offer is subject to Financial Regulatory Authority (FRA) approval and has been approved by the Board of Marsa Marsa Alam. Marsa Marsa Alam For Tourism Development SAE (CASE:MMAT) cancelled the acquisition of acquire 68% stake in El Badr Plastic Company on April 4, 2019.