{"id":639412,"date":"2017-10-29T03:18:15","date_gmt":"2017-10-29T03:18:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/cleopatra-hospitals-looks-to-fund-new-acquisition-through-egp-700-mn-capital-increase\/"},"modified":"2017-10-29T03:18:15","modified_gmt":"2017-10-29T03:18:15","slug":"cleopatra-hospitals-looks-to-fund-new-acquisition-through-egp-700-mn-capital-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/cleopatra-hospitals-looks-to-fund-new-acquisition-through-egp-700-mn-capital-increase\/","title":{"rendered":"Cleopatra Hospitals looks to fund new acquisition through EGP 700 mn capital increase"},"content":{"rendered":"

Cleopatra Hospital Group plans to raise its issued capital to EGP 800 mn from a current EGP 100 mn by issuing 1.4 bn new shares to existing shareholders at a share price of EGP 0.5. The company applied for approval from the EGX after receiving clearance from the Egyptian Financial Supervisory Authority<\/a> a few backs. The increase will be used to fund the acquisition of a EGP 600 mn hospital and the repayment of a EGP 100 mn loan, CEO Ahmed Ezzeldin tells Al Borsa on Thursday<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cleopatra Hospital Group plans to raise its issued capital to EGP 800 mn from a current EGP 100 mn by issuing 1.4 bn new shares to existing shareholders at a share price of EGP 0.5. The company applied for approval from the EGX after receiving clearance from the Egyptian Financial Supervisory Authority a few backs. […]<\/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":[9314],"tags":[72,2400],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639412","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"78c15f96-ff94-40eb-92e7-1679c3ef3b09","order":"0","is_powered_by":true,"section_story_id":"2229a3e8-7bfc-44df-a987-11b597507385","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639376],"teaser":"","voice_url":""},"yoast_head":"\nCleopatra Hospitals looks to fund new acquisition through EGP 700 mn capital increase - 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\/2017\/10\/29\/cleopatra-hospitals-looks-to-fund-new-acquisition-through-egp-700-mn-capital-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleopatra Hospitals looks to fund new acquisition through EGP 700 mn capital increase\" \/>\n<meta property=\"og:description\" content=\"Cleopatra Hospital Group plans to raise its issued capital to EGP 800 mn from a current EGP 100 mn by issuing 1.4 bn new shares to existing shareholders at a share price of EGP 0.5. The company applied for approval from the EGX after receiving clearance from the Egyptian Financial Supervisory Authority a few backs. 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The EGP 700 mn capital increase was 99.8% subscribed in the initial phase announced on 10 December and now the full 1.4 bn shares have been picked up. 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