Almoosa Health gets CMA nod to IPO 13.3M shares on TASI

Logo of  the Capital Market Authority (CMA) 

Almoosa Health Group obtained the approval of the Capital Market Authority (CMA) to float 13.29 million shares in an initial public offering (IPO) on the Main Market (TASI).

The offering represents 30% of its 44.3 million share capital, the market regulator said in a statement today, Sept. 30.

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The prospectus will be published ahead of the subscription start date.

The CMA’s approval will be valid for six months from the decision date. It is deemed cancelled if the offering and listing are not completed within this period.

Almoosa Hospital was established in 1996 as a private hospital in Al-Ahsa. The company’s health facilities also include Almoosa Rehabilitation Hospital, Almoosa Specialist Hospital – Al-Khobar (under construction), and Almoosa Specialist Hospital – Al-Hofuf (under construction).