Speed Medical obtains regulatory approval to debut its shares on Egypt’s exchange

IPO WATCH- Speed Medical has obtained regulatory approval to debut its shares on the EGX, Chairman Mahmoud Lasheen said, according to Al Mal. The IPO, for which Lasheen provided no specific timeline, would come as the company is looking to expand its hospital on Ismailia Desert Road and widen its ownership base. Speed Medical owns and operates Speed Lab and Speed Clinic. Ostoul Financial Consultancies will manage the expected IPO, according to Lasheen.