ArabFinance: Speed Medical Company (SPMD) announced shareholder Mahmoud Ahmed Mahmoud Lasheen has sold 33 million shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).
Accordingly, the shareholder’s stake in the company fell to 24.039% from 27.015%.
The transaction has been carried out at a total value of EGP 49.33 million, equivalent to an average price of EGP 1.495 per share.
Established in December 2015 and listed on the EGX since March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.