1st Apr 2022 19:21
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 USD60 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 USD60 million debt financing package which will be used to finance our expansion into Pakistan," says Chief Executive Officer Hend El Sherbini.
Current stock price: USD1.20
12-month change: up 9.1%
By Dayo Laniyan; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Int Diag Hld