Egyptian Modern Education Systems wants to follow in Speed Medical’s footsteps

Egyptian Modern Education Systems is still working on its plan to jump from the small-cap Nilex to the EGX. The company is set to up its capital to EGP 110 mn from EGP 86.66 mn and fulfil a number of other requirements for inclusion in the index, the local press reports, citing unnamed company officials. The company said in 2019 that it would invest EGP 65 mn to establish an American school in an effort to upgrade its listing to the EGX. Speed Medical was the first company to make the transition from the Nilex to the EGX in December last year.