Cairo – Mubasher: Speed Medical is planning to increase its capital to over EGP 100 million from EGP 52 million to be listed on the EGX’s main market during 2019, company’s chairman Mahmoud Lasheen stated on Thursday.
The listing on the main market will boost the company’s liquidity, which will help finance its expansion projects, Lasheen added.
The top official noted that his company was planning to increase its market share in Egypt by over 20% during the next five years.
Earlier in May, Lasheen revealed that Speed Medical had secured loans with a 5% interest rate under the Central Bank of Egypt’s (CBE) finance initiative for small and medium-sized enterprises (SMEs).
