Spenalex appoints independent financial advisor to evaluate share after acquisition offer

The Board of Directors of Alexandria Spinning and Weaving Company (Spintex) has approved the appointment of Fact Financial Advisory as an independent financial advisor to prepare an evaluation of the company's share value in light of the acquisition offer presented by a coalition including New Construction Company and Askom for Real Estate Investment to purchase 13.42% of the company's shares at a price of 15 pounds per share, based on the decision of the Financial Regulatory Authority in July 2026.

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