The Fakeeh Care Group (FCG) was founded in 1978 and was listed on the Saudi Exchange in June 2024. Its IPO raised $764 million and was oversubscribed 119 times by institutional investors with an order book of $91 billion. FCG operates hospitals, outpatient clinics, medical colleges, home healthcare, and healthcare IT companies in Saudi Arabia and the U.A.E. with 835 beds across four hospitals, including NEOM Hospital. Fakeeh College for Medical Sciences had 1,800 students enrolled as of September 2023. Brothers Mazen and Ammar Fakeeh own 30.9% of the company each, while third sister Manal owns 15.4%. In the first half of 2024, the group recorded $355.8 million in revenues and had assets of $1.4 billion.