Page 191 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM               EFG Hermes advises on $764m IPO of Fakeeh Care Group on Saudi Exchange - Dailynewsegypt
          in a market capitalization of SAR 13.3bn ($3.6bn). The IPO garnered signi cant interest

          from local, regional, and international investors, with the total book covered
          approximately 119 times. Trading of FCG shares commenced under the ticker “FCG” on

          Wednesday.



          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 to 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 rede ne 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 families for more than four decades. FCG o ers 835 beds across

          four hospitals – 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 boasts  ve medical centres (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 e iciency 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


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