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 Groups IPO underscores the resonance of its value proposition among both regional and international investors، along with the robust appetite for investment opportunities within Saudi Arabias 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 boasts five medical centers (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 efficiency 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 also advised on the IPO of Dubai Taxi Company on the DFM and OQ Gas Networks on the Muscat Stock Exchange (MSX)، the largest Omani IPO in over two decades. It also advised on the IPO of ADES Holding Company on the Saudi Exchange، as well as the successful IPOs of ADNOC L&S and ADNOC Gas Plc on the Abu Dhabi Securities Exchange (ADX); IPO of Lumi Rental Company on the Saudi Exchange; Abraj Energy Services on the MSX; and Al Ansari Financial Services PJSC on the Dubai Financial Market (DFM).