Page 190 - AAE PR REPORT - JUNE 2024

6/6/24, 9:34 AM EFG Hermes Completes Advisory on USD 764 Million IPO of Fakeeh Care Group on the Saudi Exchange
EFG Hermes Completes Advisory on USD 764 Million IPO of

Fakeeh Care Group on the Saudi Exchange

05/06/2024 Ads - PR

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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.

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).

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