Shareholder sells EGP 11.5M shares in Speed Medical

Updated 12/21/2021 9:48:01 AM

ArabFinanceSpeed Medical Company (SPMD) announced shareholder Mahmoud Ahmed Mahmoud Lasheen has sold 9.84 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 14.806% from 15.69%.

The transaction has been carried out at a total value of EGP 11.55 million, equivalent to an average price of EGP 1.173 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.