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Egypt’s Cleopatra Hospital to increase issued capital by EGP700mn

30 Aug 2017

(MENAFN) Cleopatra Hospital Group, one of Egypt’s largest hospitals in the private sector, approved making a request to regulatory authorities to go through the procedures of growing the firm”s issued capital by EGP700mn.

Currently, the firm aims to carry out this growth of its capital amid inviting old stakeholders to underwrite in the stocks of a nominal value of 50 piasters per stock.

In addition, it also has plans for expansions over the coming period, which includes using the increase in its capital to implement an acquisition of a hospital covering 150 beds, with an amount of EGP580mn.

Moreover, this will allow the hospital to increase the scale of its operation across the nation.

MENAFN3008201700450000ID1095789876

MENAFN3008201700450000ID1095789876

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