Back to the complete issue
Monday, 21 December 2020

Hazem El Far appointed Speed Medical MD

Speed Medical (SPMD) has appointed Vice Chairman Hazem El Far (LinkedIn) as managing director, following the resignation of Tariq El Qaii for personal reasons, the company said in an EGX filing (pdf).

The company is also now in compliance with the regulator’s diversity targets: SPMD appointed Shadia El Haddad as an independent, non-executive board member, complying with the Financial Regulatory Authority’s requirement to have at least one woman board member by the end of 2020. Just under half of the EGX30’s constituents still have all-male boards. SPMD is not one of the 30 companies in the benchmark index.

Meanwhile, at the Constitutional Court: Khaled Raafat El Desouki, Alaeddin Ahmed El Sayed, and Fatima Muhammad Al-Razzaz have been appointed as deputies to the head of the Supreme Constitutional Court, following a decision by President Abdel Fattah El Sisi, as published by the Official Gazette on Sunday.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.