Egypt’s cabinet has approved the presidential decree to add seven faculties to Badr University (BU), as part of Cairo Investment and Real Estate Development’s investments.
The cabinet has assented adding Faculty of Medicine, Faculty of Applied Medical Sciences, Faculty of Animal Health and Food Safety, Faculty of Political Sciences and International Relations, Faculty of Biotechnology and Genetic Engineering, Faculty of Humanities and Social Sciences, as well as Faculty of Law to Badr University, Cairo Investment disclosed to the Egyptian Exchange (EGX) on Sunday.
Cairo Investment has finalised all of the construction works related, where the colleges are scheduled to open once the presidential decree is issued, according to the disclosure.
It is worthwhile to mention that during the nine-month period ended 31 May 2019, Cairo Investment’s net profits hit EGP 231.56 million from EGP 165.39 million in the corresponding period last year.
The company’s fiscal year begins in September and ends in August the following year.