Page 196 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM    PRESSR: EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange — TradingView News
        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



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