Cleopatra Hospital decides to extend the purchase of treasury shares from the open market

Cleopatra Hospital decides to extend the purchase of treasury shares from the open market
Cleopatra Hospital decides to extend the purchase of treasury shares from the open market

Cairo – Mubasher: The Cleopatra Hospital Company’s board of directors decided to extend the purchase of treasury shares from the open market, provided that the execution will take place at the price of the security during the trading sessions, starting today, Wednesday, 22 September.

The company explained in a statement to the Egyptian Stock Exchange, today, Wednesday, that the decision included extending the purchase of treasury shares over a period of 3 months, or until the implementation of the purchase of treasury shares amounting to 10% of the total shares of the company, and the financing of the purchase process is self-financing, without the involvement of any of the main shareholders. and their associated groups.

The company confirmed the availability of the necessary financial resources to purchase treasury shares, which do not affect the company’s activity.

It is noteworthy that Cleopatra Hospital achieved profits of 202.02 million pounds during the six months ending last June, compared to profits of 101.9 million pounds in the comparable period of 2020.

The company’s activity revenues rose during the first half of this year to 1.27 billion pounds, compared to revenues of 843.08 million pounds in the comparable half of the previous year.

On the level of independent businesses, the company achieved profits of 147.52 million pounds in the first half of this year, compared to profits of 88.4 million pounds in the comparative half of 2020.

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Cleopatra Hospital decides extend purchase treasury shares open market

 
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