Page 186 - AAE PR REPORT - JUNE 2024

6/6/24, 9:34 AM EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange

Fakeeh Care Group offered a total of 21.47% of its total issued share capital through the

sale of 30,000,000 new ordinary shares (representing 12.93%) and 19,800,000 current

ordinary shares (representing 8.53%) at SAR 57.5 per share, implying a market
capitalization of SAR 13.3 billion (USD 3.6 billion).

The IPO captured the attention of local, regional, and international investors, with the total
book covered approximately 119 times. The company began trading today under the ticker

[FCG].

Karim Meleka, Co-Head of Investment Banking at EFG Hermes, commented, “We are
delighted and proud of our role in the successful IPO of Fakeeh Care Group. This

transaction adds onto our successful track record of supporting healthcare advancements

in the Kingdom of Saudi Arabia (KSA), following our involvement in Habib Medical Group,
Al Meswak, and now Fakeeh Care Group”. He added: “In facilitating the IPO of Fakeeh

Care Group, EFG Hermes has once again demonstrated its unwavering commitment to
fostering transformative investment opportunities within the MENA region. The resounding

success of Fakeeh Care Group's IPO underscores the resonance of its value proposition
among both regional and international investors, along with the robust appetite for

investment opportunities within Saudi Arabia's burgeoning healthcare sector. This

transaction represents yet another milestone in our continued commitment to driving
strategic investment initiatives that redefine the contours of the regional investment

landscape.”

Fakeeh Care Group is one of Saudi Arabia’s premier integrated providers of high-quality
healthcare, trusted by millions of families for more than four decades. FCG offers 835

beds across four hospitals – Dr. Soliman Fakeeh Hospital (“DSFH”) Jeddah, DSFH
Riyadh, NEOM Hospital through an operating model and the soon to be completed DSFH

Madinah – with around 900 doctors. The Group boasts five medical centers (including

NEOM Advanced Medical Center through an operating model) with around 220 doctors,
complemented by a range of integrated healthcare services to meet everyday health

needs. Its operational excellence is driven by its highly integrated hub-and-spoke
healthcare model, a structure that maximizes efficiency while being adaptable.

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