Cairo – Mubasher: The board of Speed Medical Company has approved acquiring the shares of Masr Labs for EGP 10 million.

According to the company’s statement to the Egyptian Exchange (EGX) on Monday, EGP 1 million of the deal’s value will be paid upon signing the contract, while the remaining sum will be paid on 16 December 2020.

It is worth noting that Masr Labs has a network of eight branches across the country.