Cleopatra Hospital’s EGM approves raising authorized capital to EGP 2 bn

Cleopatra Hospital Group’s extraordinary general assembly approved increasing the company’s authorized capital to EGP 2 bn from EGP 800 mn, the company said in a bourse filing on Sunday (pdf). As we noted last week, Cleopatra is reportedly aiming to invest some EGP 1 bn on new acquisitions in 2018.