Page 188 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM             EFG Hermes Completes Advisory on USD 764 Million IPO of Fakeeh Care Group on the Saudi Exchange
        EFG Hermes Completes Advisory on USD 764 Million IPO of


        Fakeeh Care Group on the Saudi Exchange


        05/06/2024  Ads - PR

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        Logo of EFG Hermes




        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).



      https://www.argaam.com/en/article/articledetail/id/1733251?IRAccessToken=saudire                              1/3
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