SODIC’s (OCDI) biggest shareholder, a consortium between Act Financial, Hassan Allam Properties, & Concrete Plus will meet on Sunday to give a decision on the received mandatory tender offer (MTO) which the FRA recently approved.
Who is affected There are three different options for the consortium regarding their 17.16% stake in SODIC: 1) partial sale, 2) complete sale or 3) no sale at all.
Why is this important The consortium’s decision will be largely based on what other shareholders decide to do in the days leading up to Sunday.
