Cairo – Mubasher: The board of directors of B Investments Holdings approved the establishment of a healthcare company with a capital of EGP 1 billion.
B Investments will invest an initial amount of EGP 200 million in the new company, according to a bourse disclosure on Sunday.
The company is also in talks with other investors to contribute to the capital of the to-be-established company.
Moreover, B Investments will start to conduct a due diligence process for a potential healthcare investment.
During the first half (H1) of 2020, the company reported net profits of EGP 122.93 million, up from EGP 105.3 million in the year-ago period, including minority shareholders’ rights.
