CHG shareholders approve establishing JV to develop Nahda hospital

Cleopatra Hospitals Group’s (CHG) shareholders approved an agreement with Al Taaleem Management Services to set up a joint venture that will rebuild, develop, operate, and manage Al Nahda Hospital, the company said in a bourse filing (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.