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Speed Medical denies offering EGP 20 million for reconciliation

In its disclosure to the Egyptian Exchange, “Speed Medical” denied offering EGP 20 million for reconciliation.

This came in the context of conflicting company disclosures, related to the acquisition of the shares of “Prime Speed Healthcare” and “Al Safwa Hospital”.

Previously, Mahmoud Lashin, Chairman of the Board of Directors of “Speed Medical”, stated that his company seeks reconciliation in various commercial issues.

He added this is not just the dispute in question, adding: “The amount specified for reconciliation in that violation is not correct, and the company is looking into the matter and trying to conciliate.”