Hikma is a publicly traded company and has been listed on the London Stock Exchange since November 2005.                                                  

The Financing Package entails (i) a 6-year senior unsecured A loan of US$250 million, to the Borrower – processed under IFC project Hikma Loan 2025 (#51629) (the “IFC Loan”); and (ii) a subscription of US$50 million in the Borrower’s US$500 million bond (the “Bond”), in which IFC played an anchoring role – processed under IFC project Hikma Bond (#51148).                                                   

The Financing Package would primarily support Hikma’s existing operations in the Middle East region.                                                  

 No governance risks to development impacts anticipated.                                                  

 This is a Category B project according to IFC’s Environmental and Social Sustainability Policy. Based on IFC’s review, the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible, and readily addressed through existing mitigation measures and good international industry practices (GIIP). Key E&S issues and risks reviewed include (i) the Group’s capacity to identify, assess and manage E&S risks and impacts through a robust Environmental and Social Management System (ESMS); (ii) contractors’ management and supply chain; (iii) labor and working conditions including Occupational Health and Safety (OHS), freedom of association, Gender Based Violence and Harassment (GBVH); (iv) management of medical / hazardous waste and effluent discharge; (v) resource efficiency; (vi) life and fire safety; (vii) emergency response and preparedness; (viii) community health, safety and security, including traffic and road safety; and (ix) stakeholder engagement related to /grievance mechanism.