Page 197 - 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
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).

-Ends-

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