Reacap Financial Investments Co. (CASE:REAC) agreed to acquire 98% stake in NAEEM CONSULTING SERVICES from Naeem Holding Company For Investments (S.A.E - Free Zone) (CASE:NAHO) for EGP 47.5 million on December 9, 2019. Post completion, Reacap Financial Investments Co. will own 98% stake and Naeem Holding Company For Investments (S.A.E - Free Zone) will own no stake in NAEEM CONSULTING SERVICES. Reacap Financial Investments Co.'s board approved the transaction. As of December 31, 2019, shareholders of Reacap have approved the acquisition.

Reacap Financial Investments Co. (CASE:REAC) cancelled the acquisition of 98% stake in NAEEM CONSULTING SERVICES from Naeem Holding Company For Investments (S.A.E - Free Zone) (CASE:NAHO) on December 9, 2020.