Egypt-based Al Shroouk Scan and Lab announced plans to secure $20m in new financing to support its expansion strategy across Cairo and other governorates.
Chairperson Abdallah Mostafa said the group is preparing to expand into Cairo’s Fifth Settlement, Alexandria, Menoufia, and Gharbia, with rollout expected by 2030. The company currently operates five branches.
The firm was founded in 2009 and formally structured in 2014 with a capital base of EGP 3.2m. It has grown revenues from EGP 1m in 2009 to approximately EGP 140m today, with total investments reaching EGP 1bn. The group employs around 400 staff.
Al Shroouk also announced plans to launch a new branch in Palm Hills’ Strada Rise with $8m in investments, including specialized radiation therapy services. A new facility in the R3 district of the New Capital will be dedicated to radiotherapy services. Revenues are expected to grow by up to 200% annually following the expansion of these services.