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Tuesday, 14 January 2020

Al Taisier Medical Holding Group plans EGP 700 mn expansion drive

INVESTMENT WATCH- Al Taisier Medical Holding Group plans EGP 700 mn expansion drive, which include a majority acquisition of an unnamed hospital in northern Egypt, Vice Chairman Mohamed Jazar tells Al Mal. The company will also invest EGP 200 mn to set up an extension to their Zagazig Hospital. Jazar added that the group is taking steps to expand out of Sharqiya Governorate and has recently bought land on the Banha-Mansoura road to build a EGP 150 mn hospital. How’re they going to pay for it all? The company raised EGP 150 mn in fresh capital last year, is lining up an EGP 200 mn bank facility, and says it is in talk with foreign private equity firms that are interested in investing.

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