Fakeeh Care is proud to announce that its Initial Public Offering (IPO) has been recognized as the "Local IPO Deal of the Year" by Global Banking & Markets (GBM).

On 6 June 2024 Fakeeh Care Group listed the largest-ever healthcare IPO in the Kingdom's history, valued at SAR 2.9bn. The success of the IPO sets a precedent for future listings, highlighting the introduction of cornerstone processes and employee investment funds.

Sole Financial Advisor, Joint Bookrunner, Underwriter and Lead Manager was HSBC Saudi Arabia, Join Bookrunners (JBRs) and Underwriters were ANB Capital & EFG Hermes while the Selling Shareholders’ Advisor was Moelis. White & Case acted as Legal Advisor to the Issuer and Baker McKenzie for the Financial Advisor and the JBRs and Underwriters.