An undisclosed buyer offered to acquire 99.98% stake in Mena Touristic Resorts Co. from Mena for Touristic & Real Estate Investment (CASE:MENA) for EGP 230 million on February 28, 2018. As of June 10, 2018, Mena for Touristic & Real Estate Investment tapped a consultant company to set the feasibility study for the proposal and announced that the evaluation has not been finalized and will be notified to EGX once done.