Almoosa Health debuts on TASI today at SAR 127/share

One of Almoosa Health Co. hospitals

Almoosa Health Co. will begin trading on the Main Market (TASI) today, Jan 7, under the symbol 4018 and ISIN Code SA1661VHUP11, at SAR 127 a share.

The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and +/-10% static price fluctuation limits. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.

For More IPOs

Almoosa Health is the second listing on the Main Market in 2025.

In 2024, 13 companies listed on Tadawul, besides Alistithmar AREIC Diversified REIT Fund.

With Almoosa Health, the number of companies listed on TASI reached 228, along with 19 real estate traded funds.

Almoosa Health offered 13.29 million shares, or 30% of its capital, at SAR 127 each. The company allocated 80% of the shares on offer to participating categories, while the remaining 20% was set aside for retail investors.

The retail offering was 408.7% covered, with total proceeds of SAR 1.4 billion. The order book was nearly 103x oversubscribed.

The company allocated a minimum of six shares per retail subscriber. Rump shares were distributed on a pro rata basis of 3.33%.

Key Background

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

It transformed into a limited liability company in 2018 and later became a closed joint-stock company in 2020.

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