21 May 2017

Amman, Jordan - MS Pharma, the fast growing Jordanian based pharmaceutical company operating across the META region, today announces a $45 million equity investment from the International Finance Corporation (IFC).

IFC is the world’s largest multilateral investor in private healthcare, managing an active portfolio of about $1.3 billion worth of health investments. IFC investments in service providers, pharmaceuticals and medical technology are aimed at promoting greater access to affordable, high-quality healthcare. 

This investment will be used to support MS Pharma’s expansion into new markets and promote access to affordable generic pharmaceuticals and healthcare products across the META region.

Mr Ghiath Sukhtian, Chairman of MS Pharma said: “We are delighted to welcome IFC as a partner in MS Pharma. We are committed to providing better healthcare solutions for people in the region and beyond, and IFC’s financing will help us grow further, develop new products and technologies, and reach more patients.”

“We believe that supporting leading companies such as MS Pharma will not only improve access to high quality affordable medicines in a region that is underserved, but will also provide much-needed skilled jobs,” added Lukas Casey, IFC’s regional manager for manufacturing and services in Europe, Middle East and North Africa.

This investment follows a recent $50 million investment by the European Bank for Reconstruction and Development (EBRD) in MS Pharma. Currently, MS Pharma exports to over 20 countries across the Middle East, Africa and Europe. The company specializes in medication for chronic diseases such as cardiovascular, central nervous system, and respiratory diseases, which are experiencing high growth rates across the region. The company has a commercial presence in 12 countries, and recently launched its operations in Turkey after acquiring a dedicated injectables facility in the country.

About IFC 
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

About MS Pharma :
MS Pharma is a leading pharmaceutical and healthcare solutions provider and partner of choice in the Middle East, North Africa and Turkey. The company has some 2.000 employees, a presence in 12 countries and exports to over 20 countries across the Middle East, Africa and Europe. The company has the capability to manufacture branded generics in oral, topical and injectable form. The company is headquartered in Jordan and has manufacturing facilities in Algeria, Jordan and Turkey.

© Press Release 2017