Categories: Material Information

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.

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.

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.

Aamir Hayat

Recent Posts

Shifa International (SHFA) has returned 150% in two months, will the rally continue?

Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…

2 weeks ago

HUBC’s base plant expiry: What is next for the power giant?

The closure of the Hub Power Company Limited (HUBC) plant marks a significant shift in…

2 months ago

How well did Fatima Fertiliser perform in 2QCY24?

Fatima's 2QCY24 financial performance reflects a challenging quarter, marked by a significant decline in profitability…

3 months ago

How is HMB handling financial challenges to grow?

Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…

3 months ago

How does MARI and POL reserve life compare?

In the oil and gas sector, the longevity of reserves is a critical measure of…

3 months ago

Is Cherat Cement poised for growth?

Cherat Cement Company Limited (CHCC) has recently released its financial results for the fourth quarter…

3 months ago