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FRA takes legal action against Speed Medical
Speed-related drama in the headlines: The Financial Regulatory Authority (FRA) has filed two lawsuits against Speed Medical (SPMD) before the…
SPMD exits Prime Speed Medical, Misr Labs Company
Speed Medical is offloading its entire 30% stake in Prime Speed Medical, the company said in a bourse disclosure (pdf),…
Bidding war for Alex Medical cooling off?
The bidding war for Alex Medical appears to be cooling down, with Alexandria Medical Investment subsidiary TAT Medical Service being…
Speed Medical pays shareholders EGP 4 mn to extend acquisition timeline
Speed Medical announced that it had paid New Al Safwa Specialized Hospital’s shareholders EGP 4 mn in June as part…
EGX30 up 2.7% YTD
The EGX30 rose 0.4% at today’s close on turnover of EGP 1.4 bn (81% below the 90-day average). Egyptian investors…
A queue of companies want the Abu Qir metro project + Speed Medical plans buyback as share price falls
The Transport Ministry is considering 16 local and international consortiums to implement Alexandria’s Abu Qir metro project, unnamed sources at…
The Market on 6 September
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.7 bn (11.6% above the 90-day average). Local investors…
Speed Medical secures nearly USD 100 mn in financing from Luxembourg-based EM investor
Speed Medical has landed some EGP 1.57 bn in financing from EM-focused alternative investment outfit Global Emerging Markets (GEM) in…
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