Nile Stock witnesses largest offering in history Sunday

CAIRO – 31 March 2019: The Nile Stock Exchange (NSE) will witness the largest offering in its history during the session of Sunday, March 31, for 25 percent stake of Speed Medical Company.

This share represents 13 million shares of the company's share capital at LE 3.57. The company is specialized in medical laboratory.

Chairman and Managing Director of Speed Medical Mahmoud Lashin affirmed that the main aim of the offering is to expand investment in the medical field in Egypt, as the company’s board seeks to increase the capital to more than LE 100 million, with the aim of establishing new projects such as hospitals to complete the medical system established by Speed Lab and outpatient clinics.

Lashin pointed out that Speed Lab has so far reached 51 labs spread over nine governorates, where the client can obtain the results of the analysis within 3 hours of the analysis.

NILEX is an Egyptian stock exchange within the Egyptian Exchange (EGX). It is the first market in the Middle East and North Africa region for the listing and trading of small and medium-sized companies. The Nile Stock Exchange provides financing and growth opportunities for companies with promising potential in all fields and from all countries in the region, including family businesses.