Addendum announcement to the price range and Start of Institutional Book-building Period for the Initial Public Offering of Dr. Soliman Abdel Kader Fakeeh Hospital Company

Element List	Explanation
Announcement Detail	Addendum announcement to the price range and Start of Institutional Book-building Period for the Initial Public Offering of Dr. Soliman Abdel Kader Fakeeh Hospital Company -In addition to HSBC Saudi Arabia’s announcement of the price range and Start of Institutional Book-building Period for the Initial Public Offering of Dr. Soliman Abdel Kader Fakeeh Hospital Company (“Fakeeh Care Group” or the “Company”), HSBC Saudi Arabia announces on behalf of the Company in its capacity as Sole Financial Advisor, Joint Bookrunner, Underwriter and Lead Manager on the potential initial public offering (the “Offering”) of the Company, the cornerstone investment agreements with Olayan Saudi Investment Company and Abu Dhabi Investment Authority (“ADIA”) (together referred to as the “Cornerstone Investors”) in which the Cornerstone Investors have committed to subscribe to in aggregate 3,000,000 Offer shares at the offer price (“Cornerstone Investments”), and publication of the supplementary prospectus. The cornerstone Investment comprises 1,956,522 shares to be subscribed by Olayan Saudi Investment Company and 1,043,478 shares by ADIA representing 0.84% and 0.45%, respectively, of the Company’s share capital after the Offering. - The price range for the Offering has been set at SAR (53.0 – 57.5) per share (the “Price Range”). - The Offering is comprised of the issuance of forty-nine million, eight hundred thousand (49,800,000) ordinary Shares representing 21.47% of the Company’s share capital (the “Offer Shares”) post-capital increase, comprising of thirty million (30,000,000) new ordinary shares representing 12.93% of the Company’s share capital (following the issuance of the Offer Shares and increase of the Company’s share capital), and the sale of 19,800,000 current ordinary shares representing 8.53% of the Company’s share capital (following the issuance of the Offer Shares and increase of the Company’s share capital). - The minimum number of Offer shares to be applied for by the Participating Parties is one hundred (100,000) shares, while the maximum number of shares is eleven million, five hundred and ninety-nine thousand, nine hundred and ninety-nine (11,599,999) shares. - The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority. - The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process, the number of Offer Shares to be provisionally allocated to Participating Parties is forty-nine million, eight hundred thousand (49,800,000) Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Subscribers. If there is sufficient demand by Individual Subscribers the lead manager, may reduce the number of Offer shares allocated to Participating Parties to a minimum of forty-four million, eight hundred and twenty thousand (44,820,000) shares, representing 90% of the total Offer Shares, provided that such claw-back does not apply to the Cornerstone Investors being three million (3,000,000) million shares in all cases. As such, forty-one million, eight hundred and twenty thousand (41,820,000) Offer Shares will be allocated to participating parties excluding the Offer Shares allocated to the Cornerstone Investors and Individual Investors - The bidding and book-building period for Participating Parties started from Thursday 2 May 2024 and closes at 5:00PM KSA time on Wednesday 8 May 2024. For more information, please visit the Capital Market Authority website (www.cma.org.sa) and the Company’s website (www.fakeeh.care) for the prospectus .
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