Speed Medical responds: Speed Medical issued a statement (pdf) threatening to take legal action for possible defamation against any media outlet that covers allegations of market manipulation made by an unnamed shareholder. The dust up comes after Speed Medical said in late August, in an unusually frank regulatory filing, that it was backing away from its announced 100% acquisition of Prime Speed. Prime Speed shares came under selling pressure after Speed Medical called off the transaction.

A call for investors: A consortium including CIB and Colliers International will begin promoting Tatweer Misr’s education project in Bloomfields to investors this month, Colliers International’s Country Director, Karim Helal told us. Investments will be made through the purchase of shares in a yet-to-be-named Tatweer Misreducational platform. The company is aiming to raise somewhere between EGP 2-3 bn though both debt and equity for the project’s first phase.

Al Ahly Sabbour Development is studying the IPO of some of its shares on the EGX, Chairman Ahmed Sabbour said during a press conference yesterday, Masrway reports. The size and timing of the offering is yet to be determined, according to Sabbour.

Luxor’s newly restored Wekalet Al Gedawy caravanserai opened its doors earlier this week, as part of USAID’s USD 8.6 mn revitalization project in Esna, Luxor.

Egyptian Chemical Industries (Kima) will restructure its outstanding c. EGP 6.6 bn syndicated facility with several Egyptian banks under a MoU signed yesterday, the Daily News Egypt reports. State-owned Banque Misr and National Bank of Egypt, alongside Arab African International Bank, were arrangers, underwriters and bookrunners for the transaction, while Banque du Caire, Blom Bank Egypt and the Egyptian Arab Land Bank were co-underwriters, and Beltone Investment Banking acted as the sole financial advisor. The facility will be used to finance Kima’s Ammonia and Urea Industrial Complex in Aswan.