Speed Medical is planning to inaugurate its new hospital in Obour City by August 2020, Chairman Mahmoud Lasheen tells Al Mal. Speed Medical will spend some EGP 150 mn to have the facility up and running, which will be financed through retained earnings to raise its working capital, Lasheen added. Lasheen had previously estimated the cost to come at EGP 120-130 mn. His company, which is currently listed on NileX, is eyeing an EGX debut at the end of the year after meeting a minimum EGP 100 mn capital requirement.

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