Page 195 - AAE PR REPORT - JUNE 2024

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

completes advisory on

$764mln IPO of Fakeeh

Care Group on the Saudi

Exchange

Jun 5, 202412:12 GMT+4

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.

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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