Al-Modawat board approves new subsidiary setup

20/08/2024 Argaam
Logo ofAl-Modawat Specialized Medical Co.

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co.’s board of directors approved on Aug. 19 establishing a new 100% owned limited liability company in Egypt for investment in the medical industry, according to a statement to Tadawul.

 

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This will occur after fulfilling the regulatory requirements and obtaining the approvals of the concerned authorities.

 

The move aligns with the company’s strategic vision of growth and business development. Any further developments in this regard will be announced later, the statement added.

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