Page 196 - 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
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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