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Speed Medical plans to raise capital to above EGP 100M

Speed Medical plans to raise capital to above EGP 100M

ArabFinance: Speed Medical (SPMD) revealed Tuesday that it will increase its capital to more than EGP 100 million in 2019, as a part of its future plan, according to a bourse filing.

The company said that the capital hike is to finance its hospital on Ismailia Desert Road.

Moreover, the EGX-listed firm pinpointed that after raising its capital, it will be able to be listed on the main stock market (EGX) instead of NILEX.

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