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Speed Medical to completely exit from Prime Speed and Misr Labs

The Board of “Speed Medical” Company, in its meeting held yesterday, has approved the complete exit from “Prime Speed Medical Services” Company, in which it owns 30%.

SPMD’s board has also agreed on the complete exit from “Misr Labs” Company, in which the company holds 30% of its shares, at the nominal value.

The Board will launch 200 branches with the same idea of Misr laboratories under the brand name “Al-Watan Laboratories.”

The aim of it is to serve a larger segment of citizens.

The company is going to work on preparing a future plan for it by its business development department, within two weeks.