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Cleopatra's unit will claim prior owner with asked RTA's compensation

Cleopatra's unit will claim prior owner with asked RTA's compensation

ArabFinance: Cleopatra Hospital Group S.A.E. (CLHO) said in a statement sent to Egyptian Stock Exchange (EGX), its subsidiary, Nile Badrawi company has received administrative reservation order in interest of River Transport Authority- (RTA), due to pay off LE7 million in exchange for utilization the RTA's land squatted by Nile Badrawi Company. 

Appellate Court ruled to annul reservation upon Cleopatra Hospital's subsidiary, Nile Badrawi company from River Transport Authority, concerning the appeal no. 278 of 2017, Cleopatra Hospital added. 

The company added, there is no actual reservation upon Nile Badrawi company in this regards. 

It is worth to mention, Cleopatra Hospital has right to ask the prior owners of Nile Badrawi according to the selling contract of Nile Badrawi's shares with any losses, commitment of damages that might affect the Company of Nile Badrawi in results of land ownership of Nile Badrawi's dispute. 

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