It aims to assist front-line medical workers, the elderly, people with chronic diseases, as well as those, displaced and living in refugee camps.
It added that the enterprise value of 75.02 percent is LE 3.21 billion ( AED 752.18 million), noting that the deal is subject to customary completion account adjustments for cash, debt, capex and working capital.
SODIC added in a statement to the Stock Exchange, Sunday, that the estimated purchase price is between LE 18 and LE 19 per share, through a compulsory purchase offer on the entire company's shares.
UAE newly-appointed ambassador in Cairo Hamad Saeed Al Shamsi asserted on Thursday that he has been directed by the UAE leadership to boost all aspects of cooperation with Egypt.
The third Rashid bin Hamad Al-Sharqi Creativity Award announced the opening of application for the award, which came at the initiative of Chairman of the Fujairah Culture & Media Authority Rashid bin Hamad Al-Sharqi, with the aim of nurturing Arab literary and critical talents.
Minister of Defense and Military Production Mohamed Zaki concluded his visit to the UAE Wednesday.
Egypt had also participated in IDEX 2018, and IDEX 2019.
The Military Production Ministry will participate in the Egyptian pavilion at the IDEX 2021 to showcase its products of weapons, ammunition and defense equipment.
President Abdel Fattah El Sisi hailed the arrival of the UAE's spacecraft to the "red planet".
The meeting also reviewed the results of studies on attracting Arab and foreign investments to joint projects.
The company is looking forward to expanding cooperation with the government and the private sector in Egypt.
That was in his speech at the 41st Summit of the Gulf Cooperation Council (GCC) held in Saudi Arabia's Al Ola town.
The FM's spokesperson had earlier affirmed that Egypt always supports honest efforts deployed to maintain Arab unity and achieve reconciliation.
Those were transiting as they were heading to Kuwait when it suspended aviation because of the outbreak of the second wave of COVID-19.
They also conferred over joint investments and economic cooperation.
President Sisi stated that the UAE will be an added value to the organization helping it achieve strategic interests and reinforcing cooperation among its members.
The deputy supreme commander of the UAE Armed Forces is meeting with President Abdel Fatah al-Sisi in Al Itihadiyah presidential palace.
Egypt is adopting a strategy of opening up to all Libyan parties supporting a political solution, as part of its support for efforts to defuse the crisis in the country.
The vaccination process is scheduled to start with the first dose, followed by the second dose after 21 days.
The Egyptian Foreign Ministry has expressed its appreciation for the Kuwaiti efforts to heal the “Arab rift” and settle the crisis between Qatar and four Arab countries, including Egypt.