Marseilia Group’s board approves medical investment MoU

Updated 1/30/2022 1:01:33 PM

ArabFinance: Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) announced that its board of directors has approved to sign a memorandum of understanding (MoU) with a strategic partner in the field of medical investment, according to a statement.

Through this MoU, the company aims at making greater use of its owned assets.

Moreover, the board has agreed on discussing the report submitted by the independent legal advisor regarding the disbursement through the managing directors at the nearest general meeting to be held.

The board also approved the memorandum submitted regarding the investment opportunity of a 207-feddan land plot in El Dabaa area.

Marseilia Group is an Egypt-based company engaged in real estate property investment, development, and management.