Cleopatra Hospital likely to raise EGP 700m from share floatation

By Ahmed Allam

Cairo – Mubasher: Medical services provider Cleopatra Hospital is planning to raise EGP600-700 million through EGX IPO, said a first-hand source preferred to remain anonymous.

The IPO will be carried out no later than the second quarter of 2016 and will be effected by capital hike, added the source, who is close to the matter.  

The company is capitalized at EGP80 million, distributed over 160 million shares at a par value of EGP0.50 each.

 

MUBASHER Contribution Time: 20-Apr-2016 12:12 (GMT)
MUBASHER Last Update Time: 20-Apr-2016 12:12 (GMT)