MLCF to invest $110 million in healthcare sector

MLCF
Posted by: Aamir Hayat 2

MLCF to invest $110 million in healthcare sector

In a notification sent to PSX on 11/03/2024, Maple Leaf Cement Factory Limited (MLCF) announced the details of its investment in the healthcare sector.

NLCF has announced that it will invest $110 million in a state-of-the-art healthcare facility in Islamabad.

Novacare Hospital Limited (a wholly-owned subsidiary of MLCF) will manage the construction of a state-of-the-art hospital in Islamabad. It has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group.


📢 Announcement: We're on WhatsApp – Join Us There! 

KSEStocks Whatsap community large

Here's what you get:

  • Member-Only Discussion Community
  • Research Reports with Explanations & Expert Views
  • Access to Exclusive KSEStocks Market Reports
  • Model Portfolio with Clear Investment Rationale
  • Monthly Portfolio Review & Health Check
  • On-Demand Stock Coverage Requests
  • PSX Facilitation (CDC Account, Share Transfer, Physical Conversion)

Where is the hospital located?

The hospital will be situated on a 50-kanal plot in DHA Phase-V Islamabad.

DHA Phase-V is a project of the Defence Housing Authority and while still under development, is considered a premium future investment by many real estate investors.

The hospital will have 250 beds and cover a total area of 550,000 square feet. Its tertiary healthcare services will span 28 different clinical services.


Don't miss:


 

It is being designed by HKS, a leading global design firm.

The shares of MLCF were trading at Rs. 37.98 at market close today.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *