FRA rejects Cleopatra Hospital’s bid to acquire El Nozha

In other news from the FRA: The regulator has apparently rejected Cleopatra Hospitals’ bid to acquire El Nozha International Hospital, according to local press pickups of what appears to be an FRA statement on Wednesday. The FRA offered no rationale for the decision. Some shareholders at El Nozha had mounted a pressure campaign on the FRA back in January in a bid to block the acquisition.