SNG: Egypt: FRA approves Cleopatra Hospital’s capital cut

About this update from Cleopatra Hospital Company

Staff WriterArab Finance: The Financial Regulatory Authority (FRA) of Cleopatra Hospital Company greenlighted a capital reduction to EGP 721.892 million from EGP 722.717 million, as per a bourse filing.The group will reduce its issued capital by EGP 824,288 through writing off 1.648 million treasury shares at a nominal value of EGP 0.5 per share.In 2024, Cleopatra Hospital’s consolidated net profits attributable to the parent company rose by 72.97% year on year (YoY) in 2024 to EGP 723.346 million, compared to EGP 418.180 million.© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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