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Monday, 18 November 2019

Speed Medical to invest EGP 160 mn in 2020

INVESTMENT WATCH- Egyptian healthcare company Speed Medical to invest EGP 160 mn in 2020: Speed Medical aims to invest EGP 160 mn next year in 30 labs and outpatient clinics, Chairman Mahmoud Lasheen told the local press. The company plans to self-finance EGP 100 mn of the investment, and secure a EGP 60 mn loan to cover the remainder. The company is also planning two capital increases this year and next, which would allow the company to move from the small-cap NileX, where it is currently listed, to the main market in early 2020. Lasheen had said last year that his company would list on the EGX within six months of debuting on NileX.

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