July 1st, 2019 | 0 commentsSaudi Arabia-based Middle East Healthcare Company, known as Saudi German Hospital, announced signing a new partnership agreement with Careem to provide better transportation services to its patients to and from its hospitals in the kingdom. “This agreement will help pave the way in addressing [Saudi German Hospital Group’s] patient’s tran...
June 27th, 2019 | 0 commentsEgy Lease will enter into negotiations with Egyptian International Pharmaceutical Industries (EIPICO) to sell its entire stake of 10.4% in Medical Union Pharmaceuticals (MUP), chairperson of Egy Lease, Iman Ismail, told Mubasher. The total value of the potential deal is expected to exceed EGP 200 million, Ismail added. EIPICO announced th...
June 18th, 2019 | 0 commentsEgyptian Media Production City Co’s board of directors approved initiating negotiations to acquire stakes of four companies in Arabian Hospitality Company. The Egyptian company seeks to acquire 55.3% of Arabian Hospitality Company’s capital, according to a statement to the Egyptian Exchange (EGX) on Sunday. The stakes are owned by Arab Co...
June 14th, 2019 | 0 commentsSpeed Medical plans to double its capital to be listed on the main market of the Egyptian Exchange (EGX), the company’s chairman, Mahmoud Lasheen, said. The Egyptian firm aims to increase its capital to more than EGP 100 million by the end of 2019 from EGP 52 million, the chairman added. As for expansion strategy, Speed Medical plans to e...
June 10th, 2019 | 0 commentsAlexandria Pharmaceuticals and Chemical Industries reported a 7.41% year-on-year decline in its profits during the first ten months of fiscal year 2018/2019. Net profits retreated to EGP 112.607 million in the July-April period of FY18/19, compared to EGP 121.625 million in the year-ago period, the company said in a statement to the Egypt...
June 7th, 2019 | 0 commentsThe Saudi Food and Drug Authority (SFDA) recently conducted a field survey of bakeries and confectionery outlets to verify that they are correctly displaying the number of calories in their products, along with use-by dates and storage requirements. According to the survey, around 70 percent of bakeries and patisseries in Riyadh and Qussa...
June 3rd, 2019 | 0 commentsCleopatra Hospital Co reported a 3.6% year-on-year drop in its consolidated profits during the first quarter of 2019. Net profits amounted to EGP 55.139 million in the January-March period of 2019, compared to EGP 57.195 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Sunday. Year-on-year,...
May 27th, 2019 | 0 commentsNMC Healthcare, Saudi Arabia’s General Organization for Social Insurance (GOSI), and its investment arm Hassana Investment Company (Hassana) on Sunday announced the closing of the definitive agreements signed on 4 March to found a healthcare joint venture in the kingdom. The JV formed by NMC’s contribution of its five assets in Saudi Arab...
May 27th, 2019 | 0 commentsSpeed Medical announced that its shareholders approved the split of the share’s nominal value during an extraordinary general meeting (EGM). The Egyptian company’s EGM approved to split the nominal value of the share to EGP 0.20 from EGP 1, according to a statement to the Egyptian Exchange (EGX) on Sunday. During the first quarter of 2019...
May 14th, 2019 | 0 commentsThe companies listed on the Saudi Stock Exchange (Tadawul) in the healthcare sector have registered a decrease of 31.2% or SAR 113.65 million in profits during the first three months of 2019 when compared to the same quarter last year. According to the data conducted by Mubasher, the Tadawul-listed healthcare firms posted a profit of SAR...