By: Islam Fadl
Cairo – Mubasher: Speed Medical has obtained final approvals to fetch EGP 135 million in financing from two banks, the company's chairman said.
The company will use the loan to complete the construction of a hospital in the first half of 2019, Mahmoud Lasheen told Mubasher in a phone call.
The hospital will be established at a total value of EGP 190 million and only EGP 90 million were paid up-to-date, he highlighted.
He indicated that Speed Medical is planning to acquire a 20% to 25% stake in the medical labs market in 2020.
Speed Medical is looking to establish new medical labs in the Canal, Damietta, and Delta governorates with nearly EGP 25 million in investments.
