Monday, 31 October 2022

IDH to Launch Greenfield Diagnostic Venture in Saudi Arabia

(Cairo and London) – Integrated Diagnostics Holdings (“IDH,” “the Company” or “the Group”), a leading consumer healthcare company with operations in Egypt, Jordan, Sudan, and Nigeria, announces the signing of a Joint Venture (“JV”) Agreement with Al Makhbaryoun Al Arab LLC (“Biolab”) and Izhoor Holding Medical Company LLC (“Izhoor”) to launch a new diagnostic venture in Saudi Arabia. The new joint venture will be owned 50% by IDH Group (IDH and its Jordanian’s subsidiary Biolab) and 50% by Izhoor, a company owned by Fawaz Alhokair, chairman of the renowned Saudi retail group, Fawaz Alhokair Group (together, “the partners”).

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