hikma gets 110m loan to boost mena medicines
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Hikma gets $110m loan to boost MENA medicines

Egypt Today, egypt today

Egypt Today, egypt today Hikma gets $110m loan to boost MENA medicines

London - Arabstoday

Hikma Pharmaceuticals will receive up to $110m in debt financing from the International Finance Corporation, the World Bank’s private-sector lender, to improve access to generic medicine in the Middle East and North Africa. IFC’s investment will enable Hikma to continue to provide skilled jobs and high-quality medicines to people in the region, many of whom lack access to the latest medical care, it said in a statement. “Hikma and IFC have worked together for more than two decades to provide better healthcare for people in the region, and IFC’s latest investment in our company speaks to this long relationship built on our strong business,” said Hikma CEO Said Darwazah. “IFC’s latest financing will strengthen Hikma’s ability to do what we do best - bring high quality medicines to the people who need them.” The loan will support Hikma’s ongoing programme of capital expenditure and expansion, improving healthcare in the region. “We believe that supporting leading companies such as Hikma will not only improve access to high quality affordable medicines across the region, but will also provide much-needed skilled jobs," said Lars Thunell, IFC executive vice president and CEO. "This project also demonstrates to investors that the region holds great potential during a time when many countries are struggling financially in the wake of recent events." The IFC, which has approved $2bn worth of investments in the Middle East and North Africa this year, expects to invest as much as $6bn in the region over the next three to four years, it said. Hikma, based in London, was founded in Amman, Jordan in 1978 and relies on the Middle East and North Africa for 61 percent of revenue, the company said.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hikma gets 110m loan to boost mena medicines hikma gets 110m loan to boost mena medicines



GMT 07:32 2017 Saturday ,11 March

Nanshy unveils latest product

GMT 14:16 2018 Monday ,08 October

Rupee closes at record low of 74.06 to dollar

GMT 16:34 2012 Thursday ,12 April

Qatar Exchange Up 0.29%

GMT 10:06 2017 Tuesday ,08 August

Saudi Arabia, Iraq sign MoU on air transport

GMT 13:05 2011 Sunday ,12 June

Emirati students lend a helping hand in Asia

GMT 15:21 2011 Wednesday ,29 June

N.M. fire prompts radiation concerns

GMT 10:15 2012 Thursday ,12 January

World\'s smallest frog discovered

GMT 10:46 2017 Thursday ,09 March

Aramco’s evaluation will be a pleasant surprise

GMT 14:44 2016 Tuesday ,21 June

Euro 2016: Wales Dominate Russia, Tops Group B

GMT 08:31 2012 Monday ,26 March

H&M eco-friendly collection

GMT 08:02 2017 Friday ,17 February

HRH Premier condoles with UAE

GMT 18:18 2011 Monday ,29 August

Hyundai E&C ranks 23rd in world

GMT 23:01 2012 Sunday ,26 February

Moscino masculinity Autmn/winter collection

GMT 09:17 2011 Monday ,26 September

Villarreal’s Marco Ruben to miss Napoli
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday