{"id":632402,"date":"2018-02-11T04:09:37","date_gmt":"2018-02-11T04:09:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/saudis-elaj-group-eyes-siag-pyramids-hotel-will-convert-it-into-specialist-hospital\/"},"modified":"2018-02-11T04:09:37","modified_gmt":"2018-02-11T04:09:37","slug":"saudis-elaj-group-eyes-siag-pyramids-hotel-will-convert-it-into-specialist-hospital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/saudis-elaj-group-eyes-siag-pyramids-hotel-will-convert-it-into-specialist-hospital\/","title":{"rendered":"Saudi\u2019s Elaj Group eyes Siag Pyramids Hotel, will convert it into specialist hospital"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Saudi Arabia\u2019s Elaj Group is eyeing the defunct Siag Pyramids Hotel in Haram with a view to converting the building into a specialist hospital<\/strong>, unidentified sources close to the matter tell Al Mal<\/a>. The hotel, which was repossessed in 2010 after its owners failed to repay loans owed to several banks, was most recently valued at around EGP 185 mn, according to the sources. Elaj Group plans to submit a proposal to the lenders to acquire the property after receiving government approval, the sources say. Separately, sources say that the Saudi group recently purchased an EGP 80 mn office building in Nasr City with the intention of also converting it into a specialized hospital. Elaj Group also announced last month<\/a> its plans to build a EGP 500 mn oncology hospital in Cairo, following an acquisition spree at the end of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Saudi Arabia\u2019s Elaj Group is eyeing the defunct Siag Pyramids Hotel in Haram with a view to converting the building into a specialist hospital, unidentified sources close to the matter tell Al Mal. The hotel, which was repossessed in 2010 after its owners failed to repay loans owed to several banks, was most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632402","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2e794440-b7ef-4ff8-b553-28f75963e5aa","order":"0","is_powered_by":true,"section_story_id":"dd61cfe8-2c10-45d8-85c6-22ae05978ead","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632388],"teaser":"","voice_url":""},"yoast_head":"\nSaudi\u2019s Elaj Group eyes Siag Pyramids Hotel, will convert it into specialist hospital - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/saudis-elaj-group-eyes-siag-pyramids-hotel-will-convert-it-into-specialist-hospital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Elaj Group eyes Siag Pyramids Hotel, will convert it into specialist hospital\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Saudi Arabia\u2019s Elaj Group is eyeing the defunct Siag Pyramids Hotel in Haram with a view to converting the building into a specialist hospital, unidentified sources close to the matter tell Al Mal. 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Elaj completed the transaction on Alexandria International earlier in the week, with the newspaper speculating\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625066,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/saudis-elaj-to-complete-acquisition-of-majority-stake-in-technoscan-in-november\/","url_meta":{"origin":632402,"position":3},"title":"Saudi\u2019s Elaj to complete acquisition of majority stake in TechnoScan in November","author":"enterpriseam admin","date":"26 September 2018","format":false,"excerpt":"**#5 M&A WATCH- Saudi\u2019s Elaj to complete acquisition of majority stake in TechnoScan in November: Saudi Arabia\u2019s Elaj Group expects to complete its acquisition of a 75% stake in medical diagnostic imaging chain TechnoScan by November, CEO Walid El Sayed says. 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