Arab Finance: The Financial Regulatory Authority (FRA) has approved publishing the disclosure form submitted by Speed Medical Company (SPMD) to raise its issued and paid-up capital from EGP 221.828 million to EGP 332.743 million via a rights issue to existing shareholders, the authority stated on April 26^th.

The issued and paid-up capital will be increased by EGP 110.914 million distributed over 554.572 million shares at a par value of EGP 0.2 per share.

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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