Page 185 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange
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).
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