Cleopatra Hospitals, Al Taaleem to set up JV to rebuild Al Nahda Hospital

Cleopatra Hospitals Group (CHG) will sign an agreement with Al Taaleem Management Services to set up a joint venture that will rebuild, develop, operate, and manage Al Nahda Hospital, CHG said in a statement to the bourse yesterday (pdf). The JV will be 90% owned by CHG, with the remaining 10% held by Al Taaleem, the owner and operator Nahda University in Beni Suef.