Egypt's Atlantica Holdings ups stake in Speed Medical

The deal included the purchase of 1.26mln shares

  
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

REUTERS/Amr Abdallah Dalsh
Cairo –  Atlantica Holdings Inc has increased its stake in Speed Medical Company to 5.057% from 4.94%.

The deal included the purchase of 1.26 million shares for EGP 2.248 million, averaging EGP 1.782 per share, according to a bourse disclosure on Sunday.

During the first half (H1) of 2021, Speed Medical Company registered consolidated net profits of EGP 108.07 million, up from EGP 21.24 million in H1-20.

Source: Mubasher

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