CI Capital - Cleopatra Hospital (CLHO) CLHO EY | Restricting equity research coverage

Report

CI Capital

Michel Said ...

Passant Mohamed

EUR 24.04 For Business Accounts Only

CLHO EY | Restricting equity research coverage

CI Capital is effective today restricting equity research coverage on Cleopatra Hospitals Group (CHG). Restriction of coverage entails that our analyst(s) will no longer be giving any forward-looking statements or views on the stock until further notice.

Our last published rating on Cleopatra Hospitals Group (CHG) was Overweight and target price was EGP6.30 per share.

27/12/2020 3 EN

Underlying

Cleopatra Hospital

Cleopatra Hospital SAE is an Egypt-based hospital, which provides health and medical services, as well as the medical care of inpatients. The Company holds stakes in four hospitals in the Greater Cairo Area: Cleopatra Hospital, Cairo Specialized Hospital, Nile Badrawi Hospital and Al Shorouk Hospital, offering a full array of general and emergency healthcare services. Its service offerings include general surgery, emergency and ambulance services, cardiology, gynecology and obstetrics, oncology, orthopedics and a number of outpatient clinics, including dental, physiotherapy and primary care. The Company's facilities allow to conduct routine examinations, simple procedures and operations, and general services such as pharmacy, blood bank and diagnostic services.

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EGS729J1C018 Egyptian Exchange Egypt

Provider

CI Capital

CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.

Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.

CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.

The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.

CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.

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Analysts

Michel Said

Passant Mohamed

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Cleopatra Hospitals Group: A relatively weak quarter on an unfavorable base effect

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