Speed Medical’s EGM nods to capital raise

Updated 2/5/2023 2:47:00 AM
Speed Medical’s EGM nods to capital raise

Arab Finance: The extraordinary general meeting (EGM) of Speed Medical Company (SPMD) has approved raising the company’s issued capital to EGP 332.743 million by EGP 110.914 million via the issuance of 554.572 million shares at a par value of EGP 0.2 per share, according to a statement filed to the Egyptian Exchange (EGX) on February 5th.

Established in December 2015 and listed on the EGX in March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.

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