Integrated Diagnostics Holdings PLC - consumer healthcare firm with operations in Egypt, Jordan, Sudan, and Nigeria - IFC Middle East & North Africa Fund acquires 5% interest in company, which forms part of $60 million debt financing package which will go towards IDH’s expansion plan.

‘Over the years, we have had the opportunity to collaborate with the IFC on several different fronts starting with our co-investment in Nigeria in 2018, where we have jointly deployed millions of dollars to bring best-in-class medical diagnostic practices and technology to Africa’s most populous country. More recently, we partnered with IFC on a $60 million debt financing package which will be used to finance our expansion into Pakistan,’ says Chief Executive Officer Hend El Sherbini.

Current stock price: $1.20

12-month change: up 9.1%

Copyright 2022 Alliance News Limited. All Rights Reserved.