Cairo – Mubasher: Speed Medical plans to double its capital to be listed on the main market of the Egyptian Exchange (EGX), the company’s chairman, Mahmoud Lasheen, said.   

The Egyptian firm aims to increase its capital to more than EGP 100 million by the end of 2019 from EGP 52 million, the chairman added.

As for expansion strategy, Speed Medical plans to establish a hospital at a cost of EGP 180 million in Cairo-Ismailia road, along with increasing the number of its laboratories to 150 during the coming five years, Lasheen revealed.  

The company also aims to raise the number of its specialised clinics to 6 and set up 15 radiology centres within the next five years, he noted.  

The top official added that the firm plans to increase its market share in Egypt to over 20% during the next five years.