Sari Al-Din Legal Consultancy Office announced that the Emirati businessman, Mohamed Al-Abbar and Saudi investors, has acquired more than 25% of the Eastern Company’s smoke-up offering.

The office of Sarri al-Din, which provides legal advice to the ferry and Saudi investors in the deal, added in a statement that more than 400 million pounds were invested in purchasing more than 25% of the offering. Special offer for Eastern shares of smoke.

Sari Al-Din's office stated that Al-Abbar is seeking licenses to manufacture tobacco products in a number of Gulf and Iraqi markets.

The Eastern Company for Smoking Company had stated, in a statement to the Stock Exchange, that the public offering to sell 5% of the total shares offered was equivalent to 5 million shares, about 4.3 times with The end of the subscription yesterday, at a final price of 17 pounds per share.

It also announced the coverage of the private offering to sell a maximum number of shares with 96,187,500 representing 95% of the number of shares offered for sale, which represents 4.275% of the total shares of the company’s capital, At 17 pounds, it was covered 1.8 times.

The Stock Exchange management announced that the quantities of purchase orders, the initial quantity recorded in the private deals market, have reached today 21,657,650 shares, and thus the public offering was covered 4.28 times.

It is noteworthy that the Egyptian government offered an additional share of 4.5% of Sharkia Smoke shares, on the Egyptian Stock Exchange this week, to raise up to 1.6 billion pounds.