MOROCCO IFC, IFU and Proparco Are Making an Equity Investment Of

MOROCCO IFC, IFU and Proparco Are Making an Equity Investment Of

HUMANIA HOPTAIL EGYPT | MOROCCO IFC, IFU and Proparco are making an equity investment of over USD 100m to improve the health sector in Egypt and Morocco Miloud BOUDJEMAI / Proparco Through a USD 20m equity investment, Proparco is reaffirming its support for partner countries affected by the COVID-19 global health crisis by helping the health sector improve access to health services. PROJECT DESCRIPTION This information is given PROPARCO has made a USD 20m equity investment in the at the time of signature, private hospital platform Humania North Africa (“Humania”), without prejudice to any developments in the which operates under the Saudi German Hospital (SGH) label in operation/project Egypt and Morocco. This investment is part of a regional healthcare platform with USD 360m of financing, including USD 125m of Islamic financing structured by IFC, FINNFUND and 30/06/2020 EBRD and USD 235m of equity financing from Proparco, IFC, Date of signature of the project IFU and the Batterjee family (Project Sponsor). Health , COVID-19 The Humania health platform will comprise 4 hospitals and sector(s) clinics in Cairo, Alexandria and Casablanca. This will increase the capacity and allow high-quality care to be introduced in Egypt, Morocco line with international standards. The first hospital, SGH Cairo, Location has been in operation for four years and has a capacity of 200 Equity investment beds. The platform will be completed by the construction of a Financing tool hospital in Alexandria (SGH Alexandria), which will be operational in late 2021, a hospital in Morocco (SGH Zenata) 17 600 000 Euros and a medical tower in Cairo (MT Cairo), which will both be Amount of funding operational in late 2022. When all the hospitals and clinics have been set up, the platform will add 550 beds and benefit USD 20m equity investment 1.3 million patients a year. Financing details Humania North Africa Holding Limited CLIENT PRESENTATION Client The project sponsor is Bait Al Batterjee Medical, a family- B+ owned conglomerate based in Saudi Arabia, which has been operating in the health industry in the MENA region for over 30 CES years. Through the Saudi German Hospitals Group, it owns and operates 11 hospitals in Saudi Arabia, the United Arab Emirates, Yemen and Egypt. Humania’s facilities will be managed under the Saudi German Hospital label and will provide the same high-quality service. PROJECT IMPACT This project should have the following impacts: Improved access to health services for about 985,000 more people over the next five years, with a total of 1.3 million patients (inpatients and outpatients). The capacity of the SGH Zenata, Alew West and Medical Tower Cairo health facilities should increase by 375 beds over the next five years, with a total of 550 beds. Support for some 6,700 direct and indirect jobs over the next five years, including over 4,000 jobs created. Women should account for over 50% of the direct jobs in the next five years. The transfer of knowledge and technologies (including an electronic medical record system and quality control)..

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