[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Integrated Diagnostics Holdings Plc LSE:IDHC London Ordinary Share JE00BLKGSR75 ORD USD0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 0.42% 1.20 1.18 1.20 1.20 1.18 1.18 116,827 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 124.7 45.5 4.6 26.2 180

Integrated Diagnostics Holdings PLC Biolab to operate testing stations in QAIA

18/08/2021 10:04am

UK Regulatory (RNS & others)


Integrated Diagnostics (LSE:IDHC)
Historical Stock Chart


From Jul 2021 to Oct 2021

Click Here for more Integrated Diagnostics Charts.

TIDMIDHC

RNS Number : 0342J

Integrated Diagnostics Holdings PLC

18 August 2021

Biolab, IDH's Jordanian subsidiary, selected as preferred bidder to operate testing stations in Amman's Queen Alia International Airport

18 August 2021

(Cairo and London) - Integrated Diagnostics Holdings ("IDH," "the Company" or "the Group"), a leading consumer healthcare company with operations in Egypt, Jordan, Sudan, and Nigeria, announces that Biolab, IDH's Jordanian subsidiary, has been selected as the preferred bidder by Airport International Group, the operator of Amman's Queen Alia International Airport (QAIA), to operate testing stations in QAIA's departure and arrival areas primarily dedicated to PCR testing for Covid-19.

The main focus of the testing stations will be to offer PCR testing for Covid-19 to passengers arriving in Jordan, as well as additional diagnostic tests to patients including rapid PCR testing for Covid-19 for departing passengers and other, more generic diagnostic tests. The agreement came into effect on 1 August 2021.

Commenting on the partnership, Dr. Amid Abdelnour, Biolab's founder and CEO, said: "We are proud to have been selected as the preferred bidder by Airport International Group which will enable Biolab to continue playing a frontline role in the country's fight against the pandemic. In parallel, this will allow us to expand our patient base and reach across new segments of the population in turn driving further growth across our operations. This is also a testament to the strong reputation for high quality and affordability offered by Biolab, which in the past two decades has grown to become a household name in Jordan's diagnostics industry."

Nicolas Claude, CEO of Airport International Group, commented: "We are pleased to be partnering with Biolab, which is a reputable Jordanian diagnostic tests provider. As the aviation industry works to recover from the severe repercussions of the Covid-19 pandemic, presenting passengers with access to reliable, internationally accredited PCR testing for the coronavirus is vital. By providing testing stations at both Arrivals and Departures, we are actively prioritising the health and safety of our passengers and employees, whilst maintaining a positive travel experience and bolstering traffic via Queen Alia International Airport."

IDH CEO Dr. Hend El Sherbini, added: "I am delighted with Biolab's ability to secure this landmark partnership, which is only the latest in a series of agreements signed by IDH over the last twelve months to offer Covid-19-related tests to travellers. This is a necessary aspect to safeguard the health of passengers and crew members while supporting a return to regular international travel across the region. Looking ahead, our main priority across both Egypt and Jordan remains helping local authorities combat the spread of Covid-19, and in the coming months we will look for new opportunities to offer our Covid-19-related services to a growing number of patients across both countries."

Established in 2001 by Dr. Amid Abdelnour and acquired by IDH in 2011, Biolab currently operates 20 branches across the country offering a complete range of laboratory and diagnostic services to more than half a million patients each year. Since the start of the Covid-19 pandemic, Biolab has performed more than 600 thousand PCR and Antibody tests, playing an important role in combatting the spread of the virus in Jordan. In 2020, the Group's Jordanian operations were the second largest contributor to IDH's consolidated revenue with a share of 15.4% up from the 11.5% contribution made in 2019. Queen Alia International Airport is Jordan's main and largest airport, and in just the first six months of 2021 it welcomed over 1.2 million passengers.

-Ends-

About Integrated Diagnostics Holdings (IDH)

IDH is a leading consumer healthcare company in the Middle East and Africa with operations in Egypt, Jordan, Sudan and Nigeria. The Group's core brands include Al Borg, Al Borg Scan and Al Mokhtabar in Egypt, as well as Biolab (Jordan), Ultralab and Al Mokhtabar Sudan (both in Sudan) and Echo-Lab (Nigeria). A long track record for quality and safety has earned the Company a trusted reputation, as well as internationally recognised accreditations for its portfolio of over 2,000 diagnostics tests. From its base of 483 branches as of 31 March 2021, IDH will continue to add laboratories through a Hub, Spoke and Spike business model that provides a scalable platform for efficient expansion. Beyond organic growth, the Group's expansion plans include acquisitions in new Middle Eastern, African, and Asian markets where its model is well-suited to capitalise on similar healthcare and consumer trends and capture a significant share of fragmented markets. IDH has been a Jersey-registered entity with a Standard Listing on the Main Market of the London Stock Exchange (ticker: IDHC) since May 2015 with a secondary listing on the EGX since May 2021 (ticker: IDHC.CA). Learn more at idhcorp.com .

The person responsible for arranging the release of this announcement is Nancy Fahmy, Investor Relations Director at IDH.

Contact

Nancy Fahmy

Investor Relations Director

T: +20 (0)2 3345 5530 | M: +20 (0)12 2255 7445 | nancy.fahmy@idhcorp.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDDKFBKCBKKNFD

(END) Dow Jones Newswires

August 18, 2021 05:04 ET (09:04 GMT)

1 Year Integrated Diagnostics Chart

1 Year Integrated Diagnostics Chart

1 Month Integrated Diagnostics Chart

1 Month Integrated Diagnostics Chart
ADVFN Advertorial
Your Recent History
LSE
IDHC
Integrated..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211022 17:24:26