An undisclosed buyer offered to acquire 99.98% stake in Mena Touristic Resorts Co. from Mena for Touristic & Real Estate Investment (CASE:MENA) for EGP 230 million on February 28, 2018. As of June 10, 2018, Mena for Touristic & Real Estate Investment tapped a consultant company to set the feasibility study for the proposal and announced that the evaluation has not been finalized and will be notified to EGX once done. An undisclosed buyer cancelled the acquisition of 99.98% stake in Mena Touristic Resorts Co. from Mena for Touristic & Real Estate Investment (CASE:MENA) on February 28, 2019.