IBNSINA PHARMA CO EGX:ISPH:
BOARD APPROVES APPRAISER REPORTS FOR LAND, BUILDING, AND MACHINES OF SHOROUK SPECIALIZED HOSPITAL
BOARD APPROVES SIGNING OF DEAL WITH AN INVESTOR TO REPLACE COMPANY IN ITS LEASE FINANCING CONTRACTS AND THEIR APPENDICES FOR LAND, BUILDING, AND MACHINES OF SHOROUK SPECIALIZED HOSPITAL FOR EGP 670 MILLION
AS PART OF THIS AGREEMENT, LEASE FINANCING COMPANY HAS TERMINATED LEASE CONTRACT WITH IBNSINA PHARMA
AS A RESULT, DEBTS RELATED TO LEASE FINANCING CONTRACTS RECORDED IN IBNSINA PHARMA’S BALANCE SHEET WILL DECREASE BY APPROXIMATELY EGP 500 MILLION