ArabFinance: Egyptian Modern Education Systems decided to re-establish its international school in Katameya in 2021 with an investment of EGP 65 million, the Head of Investor Relations Haitham Allam said to Al-Mal news website.

The decision was taken in 2019 to establish another international school besides the existing one, Allam said, noting that it was scheduled to be executed in 2020.

Allam attributed the delay in the establishment of the school to the coronavirus pandemic and suspending the construction license for 6 months.

The board of the Egyptian Modern Education intends to request trading on the Egyptian Exchanges main market once the capital hike process is finalized.

Established in 2001, the company operates within the consumer services sector focusing on education services.

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