The IFC now owns a 5% stake in consumer healthcare giant IDH: The International Finance Corporation (IFC) and its IFC MENA Fund have together raised their stake in Cairo-headquartered Integrated Diagnostics Holdings (IDH) to 5%, according to a disclosure (pdf) to the London Stock Exchange.

The stake purchase is part of “a larger overall engagement” between IDH and the IFC, which saw the international lender start buying stakes in the company back in May 2021 to back IDH’s dual listing on the EGX and LSE. The engagement includes a USD 60 mn debt financing package to help finance IDH’s expansion into Pakistan, according to the disclosure. The company last year announced a USD 45 mn loan from the IFC to support its growth plans in emerging markets, in addition to its current presence in Egypt, Jordan, Nigeria and Sudan. IDH is in the final stages of an acquisition that will see it expand to Pakistan.

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