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FRA dismisses Cleopatra Hospital MTO to acquire Nozha Hospital

FRA dismisses Cleopatra Hospital MTO to acquire Nozha Hospital

ArabFinance:  Financial Regulatory Authority (FRA) dismissed on June 13, 2018, Cleopatra Hospital Group S.A.E. (CLHO) Mandatory Tender Offer (MTO) that submitted to purchase 7,200,000 shares, representing 100% of Nozha International Hospital (NINH) share capital. 

The FRA reviewed the MTO documents and its attachments in light of the article no. 327/H & 338 of the Executive Regulations of the capital market law No. 95 of 1992.

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