Speed Medical’s board nods to closing drive-thru branches

Updated 9/26/2022 11:13:50 AM

Arab Finance: The board of directors of Speed Medical Company (SPMD) agreed to close its drive-through branches on September 30th, according to a statement filed to the Egyptian Exchange (EGX) on September 26th.

Moreover, the board agreed to review the business of its medical labs to eventually upgrade them in line with the company’s strategy and directions over the coming period.

The board also approved the appointment of Mohamed Gamal Abdul Shakur Hashim as the company’s head of financial sector.

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.