Speed Medical to debut on EGX in six months after upcoming NileX IPO

IPO WATCH- Speed Medical is planning to IPO on the EGX within six months of listing of 25% of its shares on NileX, Chairman Mahmoud Lasheen tells Al Mal. The listing plans come as the company looks to raise funding to complete its EGP 180 mn hospital in Obour City on the Ismailia Desert Road, for which EGP 120-130 mn is still needed. The company has already received regulatory approvals to list on NileX and on the EGX. Ostoul Financial Consultancies will manage the EGX listing, Lasheen previously said.