Page 194 - 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
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.”
Fakeeh Care Group is one of Saudi Arabia’s premier integrated
providers of high-quality healthcare, trusted by millions of families
for more than four decades. FCG offers 835 beds across four
hospitals – Dr. 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
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