Almoosa Health issues prospectus for TASI IPO of 13.3M shares

Logo of Almoosa Health Group

Almoosa Health Group issued today, Nov. 27, the prospectus for offering 13.29 million shares, or 30% of the company’s post-IPO share capital (37.97% of pre-IPO capital), on the Saudi Exchange (Tadawul) for a nominal value of SAR 10 per share.

The company intends to offer 13.29 million shares, representing 30% of post-IPO capital (37.97% of pre-IPO capital), at a nominal value of SAR 10 per share.

For More IPOs

The period of registering requests and book building will run for five days from Dec. 4-10. Subscription by retail investors will be from Dec. 23-24, 2024.

In September, the Capital Market Authority (CMA) approved the company's application to float its shares on the main market.

Almoosa Health started its operations in 1994 as a branch of Abdulaziz Abdullah Abdulwahab Al-Moosa Trading Establishment under the name "Al-Mousa Specialist Hospital, Al-Ahsa".

The company operates primarily in the healthcare sector, providing integrated healthcare services including primary care, critical care and rehabilitation services at Al-Moosa Specialist Hospital (Al-Ahsa) and Al-Moosa Rehabilitation Hospital, Al-Ahsa. It also provides sucondary services to this sector such as pharmaceutical services, home health care services and telemedicine services.

Company Profile
Company	Almoosa Health Group
Market	Tadawul
Core Activities	Healthcare
Pre-IPO Capital	SAR 350 mln
Capital after IPO	SAR 443.04 mln
Number of Shares	35 mln
Number of shares after IPO	44.30 mln
Share Par Value	SAR 10/share

IPO Summary
Issue Percentage	30% after IPO
Number of Shares Offered	13.29 mln shares (37.97% of pre-IPO shares)
Qualified Subscribers	Institutions - individuals
IPO Minimum Limit for Retail Investors	10 shares
IPO Minimum Limit for Institutional Investors	100,000 shares
Maximum Limit for Retail Investors	250,000 shares
IPO Maximum Limit for Institutional Investors	2.26 mln
Institutional Subscription & Book-Building	From Dec. 4 to 10, 2024
Retail Offering	From Dec. 24- 25, 2024
Final Allocation	Dec. 29, 2024
Refund (if any)	Jan. 2, 2025

Additional Information
Financial Advisor and Lead Manager	Saudi Fransi Capital
Institutional Bookrunners & Underwriters	EFG Hermes Saudi Arabia, Saudi Fransi Capital
Receiving banks	SNB Capital, SAB Invest, Al Rajhi Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, AlJazira Capital, Alistithmar Capital, Albilad Capital, ANB Capital, Derayah Financial, Yaqeen Capital, Alkhabeer Capital, Sahm Capital

Major Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (mln shares)	Ownership (%)	Number of Shares (mln shares)	Ownership (%)
Abdulaziz bin Abdullah Al-Moosa Investment Co.	33.25	95.00%	29.13	65.75%
Abdulaziz Abdullah Al-Moosa Charitable Co.	1.75	5.00%	1.75	3.95%
Public	--	--	13.29	30.00%
Total	35.00	100%	44.30	100%

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