IFC proposes $14m investment in Pakistan’s Alliance Healthcare

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), a member of the World Bank Group, has proposed a $14-million investment in Alliance Healthcare (Private) Limited (AHL), a Pakistan-based healthcare operator.

IFC’s proposed investment, which is in the form of preference shares, aims to support Peshawar-based AHL’s plans for the expansion of its teaching hospital, growth capital expenditure for its existing facilities, and debt repayment, per its disclosure.

IFC’s investment also includes a blended concessional finance co-investment of up to $7 million in preferred equity shares.

Established in 2005, AHL operates a 320-bed flagship tertiary hospital, a medical college, and an institute of health sciences.

The healthcare group has 36 individual shareholders with the largest shareholder holding a 6.3% stake.

IFC said in the disclosure that the project will impact the expansion of a high-quality provider in an area with few high-quality options for patients, benefiting the healthcare system by strengthening medical education.

Among IFC’s recent investments in Pakistan, it approved a proposal to extend a $25-million senior loan to Packages Limited last year to help the firm refine its operation and increase investment in its overseas business. Earlier, IFC proposed an equity investment of an undisclosed amount in Pakistan-based EP Systems Limited, a financial technology firm that operates under the OneLoad brand.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.