M.M. Group for Industry and International Trade, S.A.E. (CASE:MTIE) signed a letter of intent to acquire Itisalat International Egypt from Alturki Holding on March 18, 2018. The acquisition of Itisalat International Egypt will be done through a share swap into the shares of M.M. Group for Industry and International Trade. United Retail Company and DTR Trading to also be acquired as part of the acquisition of Itisalat International Egypt. The transaction is subject to customary due diligence, Financial Regulatory Authority and Egyptian Stock Exchange approvals among other regulatory approvals. M.M. Group for Industry and International Trade, S.A.E. (CASE:MTIE) cancelled the acquisition of Itisalat International Egypt from Alturki Holding on March 18, 2019.