AD Ports gets MTO deadline extension for ALCN

The Financial Regulatory Authority granted a 60-day extension for the mandatory tender offer (MTO) targeting Alexandria Container and Cargo Handling Company, according to an EGX disclosure (pdf). The regulatory decision allows Black Caspian Logistics — acting on behalf of Abu Dhabi sovereign wealth fund ADQ — a new window to finalize its bid for up to 90% of the maritime logistics company’s shares.

Why it matters: This MTO is a necessary regulatory step to officially consolidate the indirect holdings of ADQ and its subsidiary AD Ports Group. After initially acquiring a 32% stake in 2022, ADQ secured an indirect 51.3% majority control last November when AD Ports purchased an additional 19.3% stake. Because Egyptian securities law mandates an MTO when a shareholder’s stake exceeds 33%, the Emirati group is utilizing this extra time to finalize its offer and bring its Egyptian port investments under direct, unified control.

Mopco sees net income drop 25% y-o-y in 2025 despite sales surge

Misr Fertilizer Production Co.’s (Mopco) net income fell 25.3% y-o-y to EGP 11.3 bn in 2025, even as sales grew 36.6% y-o-y to EGP 26.8 bn, up from EGP 19.6 bn in 2024, according to the fertilizer giant’s latest earnings release (pdf).

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