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FINANCIAL NEWS
IFC approves USD110m loan for Jordna’s Hikma
21 Dec 2011
(MENAFN) International Finance Corporation (IFC) agreed to award Hikma Pharmaceuticals a USD110 million loan, as the company seeks to improve access to generic medicine in the Middle East and North Africa, Arabian Business reported.
The company is based in London and was founded in Amman, Jordan in 1978 and 61 percent of its revenues come from the Middle East and North Africa region.
Hikma said in a statement that IFC’s loan will enable Hikma to continue to provide skilled jobs and high-quality medicines to people in the region.
IFC, the World Bank’s private-sector lender, expects to invest USD6 billion in the region over the next three to four years.
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