Page 122 - AAE GENERAL REPORT - March 2024
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3/25/24, 1:46 PM                 EFG Hermes Completes Advisory on USD 428.7 Million IPO of Parkin on the DFM - زوﯾﻧ ﻲﺳ
           position within it. Leveraging our robust sales capabilities, EFG Hermes

           orchestrated a swift and comprehensive bookbuilding process, covering the entire
           book within mere hours. As a key member of the syndicate, alongside two

           international banks and four regional banks, our contribution was pivotal in

           achieving this milestone. Our team’s expertise and dedication ensured that Parkin

           stood out to investors as an attractive infrastructure play on Dubai’s promising

           economic growth trajectory.”

































           Parkin is the largest provider of paid parking facilities and services in Dubai. The
           company has the exclusive right to operate all paid public on-street parking, public

           off-street parking, and public multi-story car parks in the Emirate. With a track

           record spanning almost three decades, the Parkin team currently operates

           approximately 197,000 paid parking spaces at strategic locations across Dubai,
           providing a superior customer experience.



           This transaction is the latest in a series of landmark deals the Firm has advised on

           in the GCC region over the years, advising on eight IPOs in 2023 alone. This

           included advisory on the IPO of Dubai Taxi Company on the Dubai Financial
           Market (DFM) and OQ Gas Networks on the Muscat Stock Exchange (MSX), the

           largest Omani IPO in over two decades. It also advised on the IPO of ADES

           Holding Company on the Saudi Exchange, as well as the successful IPOs of

           ADNOC L&S and ADNOC Gas Plc on the Abu Dhabi Securities Exchange (ADX);



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