Page 191 - 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
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.

This transaction is the latest in a series of landmark deals the Firm has advised on in the
GCC region over the years, including eight IPOs in 2023 alone. Most recently, it acted as the

joint bookrunner on Spinney’s IPO on the Dubai Financial Market (DFM), as well as Parkin’s
IPO on the DFM – the most oversubscribed IPO on the DFM to date. The Firm also advised
on the IPO of Dubai Taxi Company on the 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); IPO of Lumi Rental
Company on the Saudi Exchange; Abraj Energy Services on the MSX; and Al Ansari
Financial Services PJSC on the Dubai Financial Market (DFM).

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