IHH facing wrath of volatile Turkish lira

(From left) IHH Healthcare Bhd chief financial officer Low Soon Teck, chairman Dr Abu Bakar Suleiman and managing director and chief executive officer Dr Tan See Leng after the company’s AGM.

KUALA LUMPUR: IHH Healthcare Bhd, the second-largest public-listed hospital operator in the world is facing the wrath of the volatile Turkish lira.

The Khazanah Nasional Bhd-controlled company that has a substantial interest in Turkey wants to reduce its risk in the country due to the currency volatility of the lira against the US dollar and the spiralling medical inflation there.