Page 193 - AAE PR REPORT - JUNE 2024

6/6/24, 9:34 AM EFG Hermes advises on $764m IPO of Fakeeh Care Group on Saudi Exchange - Dailynewsegypt
in a market capitalization of SAR 13.3bn ($3.6bn). The IPO garnered signi cant interest

from local, regional, and international investors, with the total book covered
approximately 119 times. Trading of FCG shares commenced under the ticker “FCG” on

Wednesday.

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 to 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 rede ne 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 families for more than four decades. FCG o ers 835 beds across

four hospitals – 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 ve medical centres (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 e iciency 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

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