AI Summary
Logo of Sport Clubs Co.
The IPO process involves offering 34.32 million ordinary shares, as follows:
- Sale of 23.92 million existing ordinary shares by current shareholders on a pro-rata basis.
- Issuance of 10.4 million new ordinary shares.
The subscription period for participating entities and the book-building process will last for five days, from June 22-26. Retail subscription will run for one day on July 8. The Capital Market Authority (CMA) approved the company's request to list its shares on TASI on March 20.
Established in 1994, Sport Clubs currently operates 56 branches across 17 cities in Saudi Arabia. These include 41 male clubs (under the “Body Masters” brand), which were opened over the past decades, in addition to 15 female clubs (under the “Body Motions” brand) that were launched in the last four years. In 2020, the company entered the fitness equipment distribution market with the establishment of “Body Experts,” a specialized business unit focused on designing, building, finishing, and furnishing gyms, as well as supplying fitness equipment, according to its website.
Sport Clubs’ Chairman is Ammar Al-Khodairy, while Wael Al-Muraibi is CEO.
|
Company Profile |
|
|
Company |
Sport Clubs Co. |
|
Core Activities |
Establishment, management, and operation of sports clubs |
|
Pre-IPO Capital |
SAR 104 mln |
|
Number of Shares |
104 mln |
|
Capital After IPO |
SAR 114.4 mln |
|
Number of Shares |
114.4 mln |
|
Nominal Value |
SAR 1 per share |
|
IPO Summary |
|
|
Issue percentage |
33% before IPO and 30% after IPO |
|
Offered shares |
34.32 mln |
|
Retail tranche |
6.86 mln shares (20% of capital) |
|
Minimum subscription limit (participating parties) |
100,000 shares |
|
Minimum subscription limit (retail investors) |
10 shares |
|
Maximum subscription limit (participating parties) |
5.72 mln shares |
|
Maximum subscription limit (retail investors) |
250,000 shares |
|
Offer period |
July 8, 2025 |
|
Final allocation |
July 10, 2025 |
|
Surplus refund (if any) |
July 13, 2025 |
|
Company Shareholders |
||||
|
Shareholders |
Before IPO |
After IPO |
||
|
Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
|
|
Alforas Alkhasa Investment Co. |
41600.00 |
40.00% |
32032.00 |
28.00% |
|
Alforas Almasiya Sports Co. |
35879.00 |
34.50% |
27626.83 |
24.15% |
|
Elaf Al Khaleej Trading Investment Co. |
5691.02 |
5.47% |
4382.08 |
3.83% |
|
Abdulkadir Almuhaideeb & Sons Co. |
4742.51 |
4.56% |
3651.73 |
3.19% |
|
Al-Fawzan Holding Co. |
4742.51 |
4.56% |
3651.73 |
3.19% |
|
Ammar Abdulwahid Falih Al-Khudairy |
4425.76 |
4.26% |
3407.84 |
2.98% |
|
Omran Mohammed Abdulrahman Al-Omran |
1822.53 |
1.75% |
1403.35 |
1.23% |
|
Prince Sultan Mohamed Saudi Al Kabeer Al Saud |
1215.02 |
1.17% |
935.56 |
0.82% |
|
Abdullatif Alissa Group Holding Co. |
1215.02 |
1.17% |
935.56 |
0.82% |
|
Abdulaziz Al-Sughair Trading Investment Co. |
1215.02 |
1.17% |
935.56 |
0.82% |
|
Abdullah Saad Abdulrahman Al-Rashed |
1215.02 |
1.17% |
935.56 |
0.82% |
|
Fahad Abdullah Abdul Latif Al-Mubarak |
235.60 |
0.23% |
181.42 |
0.16% |
|
Alforas Alfiddiya Investment Co. |
1.00 |
0.001% |
0.77 |
0.0007% |
|
Public |
-- |
-- |
34320.00 |
30.0% |
|
Total |
104000.00 |
100% |
114400.00 |
100% |
|
Additional Information |
|
|
Financial advisor, lead manager, lead bookrunner & underwriter |
BSF Capital |
|
Receiving entities |
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, BSF Capital, Yaqeen Capital, Albilad Capital, Musharaka Capital, EFG Hermes Saudi Arabia, Awaed Alosool Financial |
Be the first to comment
Comments Analysis: