Arab Finance: The board of Speed Medical Company approved hiring Osoul Arabia for Investment and Financial Consultancy as an independent financial advisor to conduct a fair value (FV) study on the sale of Speed Hospital Company, according to a bourse filing.

It also approved the asset sale plan, which involves mandating several specialized offices in marketing for hospital assets in Egypt and the Gulf region to promote the hospital's assets.

These offices will help the company sell lands and buildings or sell its stake of 80.25% in Speed Hospital Company.

Meanwhile, the EGX-listed company appointed a real estate appraiser to conduct a public auction for selling the hospital in case the above-mentioned procedures were not met.

In the first half (H1) of 2025, Speed Medical incurred 30.94% year-on-year (YoY) lower consolidated net losses after tax and non-controlling interest at EGP 32.428 million, compared with EGP 46.962 million.

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