Page 193 - AAE PR REPORT - JUNE 2024
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6/6/24, 9:34 AM PRESSR: EFG Hermes completes advisory on $764mln IPO of Fakeeh Care Group on the Saudi Exchange — TradingView News
PRESSR: EFG Hermes
completes advisory on
$764mln IPO of Fakeeh
Care Group on the Saudi
Exchange
Jun 5, 202412:12 GMT+4
Riyadh: 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.tradingview.com/news/reuters.com,2024-06-05:newsml_Zaw19z2CQ:0-pressr-efg-hermes-completes-advisory-on-764mln-ipo-of-fakeeh-c… 1/3