Cairo – Mubasher: The board of directors of Cleopatra Hospital approved to raise the company’s issued capital from EGP 80 million to EGP 100 million, up by EGP 20 million.
The capital hike will be allocated completely to Care Healthcare which is Cleopatra Hospital’s main shareholder.
Cleopatra Hospital started trading on the Egyptian Exchange of 20 June. The began after a book-building process in which shareholder Care Healthcare Limited offered 34 million shares to international institutional investors as well as 6 million shares to Egyptian retail investors (creating the “Combined Offer”). The institutional offering was 6.73 times oversubscribed and the Egyptian retail offering 28.6 times oversubscribed.
