Back to the complete issue
Sunday, 20 March 2022

IDH to open 18 new branches in Egypt this year

IDH to open 15 Al Borg Labs, 3 Al Borg Scan branches in 2022: EGX and LSE-listed consumer healthcare giant Integrated Diagnostics Holding (IDH) will open 15 new AlBorg Labs branches in Egypt this year, bringing its national branch count to 220, Hapi Journal quoted Operations Director Nabil Yacoub as saying at a presser on Thursday. The healthcare group will also invest EGP 200 mn to open three new branches for Al Borg Scan in Maadi, Nasr City, and New Cairo.

Other things we’re keeping an eye on this morning:

  • Banque Misr launched an integrated financing program to support women entrepreneurs in cooperation with the IFC.
  • The government is looking into building an industrial complex in Port Said.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.