Page 186 - AAE PR REPORT - JUNE 2024

6/6/24, 9:34 AM Riyadh Daily

Karim Meleka, Co-Head of Investment Banking at EFG Hermes

Riyadh "Riyadh Daily"
EFG Hermes Completes Advisory on USD 764 Million IPO of Fakeeh Care Group
on the Saudi Exchange

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).

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.”

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