Page 185 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange
Karim Meleka, Managing Director at EFG Hermes’ Investment Banking Division. Image Courtesy: EFG Hermes
FINANCIAL SERVICES
EFG Hermes completes advisory on $764mln
IPO of Fakeeh Care Group on the Saudi
Exchange
The IPO garnered widespread interest from local, regional, and international
investors, with an oversubscription rate of 119
Press Release
June 5, 2024
Riyadh: EFG Hermes, an EFG Holding Company and the leading investment bank in the
Middle East and North Africa (MENA), announced today that its investment banking
division successfully completed its advisory on the USD 764 million initial public offering
(IPO) of Fakeeh Care Group (FCG) (The Group), one of Saudi Arabia’s premier integrated
providers of high-quality healthcare, on the Saudi Exchange. EFG Hermes acted as a
Joint Bookrunner and Underwriter on the transaction.
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