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Hikma Pharmaceuticals receives IFC Client Leadership Award

Hikma Pharmaceuticals PLC, the fast growing multinational pharmaceutical group, received the 2012 Client Leadership Award presented by the IFC, a member of the World Bank Group. Sustainable development initiatives, quality standards in operations and excellence in corporate governance were key to receiving this award.

Hikma Vice Chairman and CEO of MENA Mazen Darwazah accepted the award from IFC CEO and Executive Vice President Jin-Yong Cai during the World Bank-IMF annual meeting held in Tokyo. 

Hikma was recognized for its success in helping to treat patients in more than 50 countries through providing vital affordable medicines. It was also recognized for its commitment to local communities - as an employer of more than 6,500 people, for its support for female workers, for its commitment to applying high environmental standards in production and for its commitment to education and training, especially through the offering internships for young people.

"This award is a testament to the work we have done over the last 30 years to turn Hikma into a world-class company," said Darwazah. "I think it also shows that companies that focus on being good corporate citizens will also have success." 

Hikma and IFC have a long standing relationship that began in 1987. Over the years, IFC has provided financing for Hikma as well as advisory services in corporate governance, environmental management and community welfare.

"Hikma is not only providing affordable medicines to millions—it is also setting the standard for corporate social responsibility in the Middle East and North Africa," Cai said. "Our partnership of more than 20 years with Hikma demonstrates how the private sector can spark change in the region and make a difference in people's lives.

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