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ِAppeal court rules final verdict for Nile Hilton Hotel, Misr Hotels says

ِAppeal court rules final verdict for Nile Hilton Hotel, Misr Hotels says

ArabFinance: Misr Hotels (MHOT) stated that the appeal court issued a final verdict in the case of governmental guarantee, whereby the court ruled that the Ministry of Finance is not entitled to due profits from the Usufruct of Nile Hilton Hotel over the period starting 1975 till 1999.

The Nile Hotel's profits for the aforementioned period is estimated at EGP 263 million excluding legal interest.

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04 Oct 2021
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