ArabFinance: Speed Medical Company (SPMD) announced shareholder Hazim Farouk Ahmed kamal El-Far has sold 35.87 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 8.34% from 11.57%.
The transaction has been carried out at a total value of EGP 34.43 million, equivalent to an average price of EGP 0.96 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.