The announcement was made by company chairman Mohammed Azlan Hashim after he chaired its 9th annual general meeting here today.

IHH, which has 83 hospitals in 12 countries, posted an after-tax profit of RM1.03 billion for the 2018 financial year, 73% higher than previously.

“We are looking at managing our non-Turkish lira exposure by refinancing some of our US dollar denominated debt.

“We will refinance some US$250 million debt to manage our exposure to currency fluctuations,” Tan said at the press briefing.

He said IHH’s recent acquisition of Fortis in India provided it an inroad to the fastest growing healthcare market in the world.I

The company owns a 31.1% stake in Fortis, which operates 32 healthcare facilities in India, Dubai, Mauritius and Sri Lanka.

Apart from consolidating its business in its four home markets of Malaysia, Singapore, Turkey and India, IHH plans to expand into Greater China, Tan said.

Since its listing in 2012, the company has consistently achieved a growth rate of 10% for its revenue and earnings.