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BIGGEST SAUDI IPO OF THE YEAR DRAWS $91 BILLION IN ORDERS

 * Fakeeh Care Group sets final price at 57.5 riyals per share
 * Company, shareholders set to raise $763 million in IPO

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The Dr. Soliman Fakeeh Hospital in Jeddah.

Source: Fakeeh Care Group

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By Julia Fioretti
May 14, 2024 at 9:04 AM GMT+3
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Investors put in $91 billion of orders for the initial public offering of a
Saudi hospital group that’s set to be the kingdom’s biggest listing of the year.

Dr. Soliman Abdul Kader Fakeeh Hospital’s Riyadh IPO was covered 119 times by
institutional investors, according to a statementBloomberg Terminal on Tuesday.
The company and the founding family are set to raise 2.86 billion riyals ($763.4
million) in the listing.

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