Cleopatra Hospitals Group inks deals to set up 400-bed hospital in New Cairo

The completion of the transaction is subject to the Ministry of Health's approval

  
Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

REUTERS/Mohamed Abd El Ghany
Cairo – Cleopatra Hospitals Group (CHG) has signed agreements to transform a brownfield project into a more than 400-bed medical facility in New Cairo.

The completion of the transaction is subject to the Ministry of Health's approval and other conditions precedent, the group said in a bourse disclosure on Tuesday.

In the first half (H1) of 2021, the company reported consolidated net profits of EGP 202.02 million, compared to EGP 101.9 million in H1-20, including minority shareholders' rights.

Source: Mubasher

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