Saudi Hospital Giant Almoosa Prepares for IPO and Public Listing Launch
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Maleek Al Moosa, Almoosa Health Group CEO
Saudi-based hospital operator Almoosa Health is moving forward with its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The company plans to offer 13.29 million shares, accounting for 30% of its share capital. The price range will be revealed on December 4, 2024, when the institutional book-building process begins. Retail investors can subscribe on December 23 and 24, with final allocations expected by December 29.
Saudi Fransi Capital is managing the IPO as the financial advisor, lead manager, bookrunner, and underwriter, with EFG Hermes KSA serving as joint bookrunner and underwriter.
Almoosa Health, founded as Almoosa General Hospital, operates two facilities in Saudi Arabia, with 730 beds and 290 clinics. Its revenue reached SAR 870 million by September 2024, with a net income of SAR 40 million and an EBITDA margin of 20%. CEO Maleek Almoosa expressed confidence in the company’s growth, stating the IPO marks a key milestone in its nearly three-decade journey.
Source: Cleofe Maceda / Zawya
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