Speed Medical signs shareholder agreement to establish Prime Speed for Medical Services

Lab and diagnostic testing company Speed Medical (SPMD) signed a shareholder agreement yesterday to establish Prime Speed for Medical Services in which it will own a 30% stake, according to a regulatory filing (pdf). Other shareholders include Modern Solutions Company and Tamer Waguih, the chairman of Prime Egypt Group. SPMD Chairman Mahmoud Lashin said the new company will provide medical services across Egypt and help SPMD implement its expansion plans.