{"id":93020,"date":"2024-12-31T00:00:00","date_gmt":"2024-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/"},"modified":"2024-12-31T00:00:00","modified_gmt":"2024-12-31T00:00:00","slug":"almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/","title":{"rendered":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed"},"content":{"rendered":"

Almoosa Health<\/a><\/strong>\u2019s retail offering was 5.1x oversubscribed, logging orders <\/strong>worth SAR 1.4 <\/strong>bn<\/strong>, according to a press release (pdf)<\/a>. The hospital operator allocated 20% (2.7 mn shares) of its offering to the retail tranche, which saw 396k local and international investors book shares at SAR 127 apiece. Retail subscribers will be allocated a minimum of six shares apiece, with rump shares to be distributed on a pro-rata basis, the statement said. Almoosa priced its offering at the top of the guidance range at SAR 127 after its institutional tranche was 103x oversubscribed<\/a>. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REFRESHER- <\/strong>The Al Ahsa based hospital operator is taking a 30% stake to market in a combined offering that\u2019s shaping up to be Saudi\u2019s second-largest IPO of the year<\/a>, following Fakeeh Care\u2019s USD 764 mn Tadawul debut<\/a>. Almoosa secured anchor investments for 22% of the offering, with another 33% earmarked for public funds.<\/p>\n

Use of proceeds:<\/strong> Net proceeds \u2014 after deducting an estimated SAR 52.4 mn in offering-related expenses \u2014 will be distributed to selling shareholders Abdulaziz bin Abdullah Almoosa Investment and Abdulaziz Abdullah Almoosa Charity. The remainder is earmarked for financing the company\u2019s growth plans and repaying outstanding debt.<\/p>\n

ADVISORS- Our friends at EFG Hermes<\/strong> are underwriters and bookrunners on the transaction, alongside Banque Saudi Fransi Capital, which is also acting as lead manager and financial advisor. PwC is acting as financial due diligence advisor as well as market consultant, while Latham and Watkins is providing counsel. Moelis is advising selling shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares went at SAR 127 apiece<\/p>\n","protected":false},"author":1,"featured_media":93021,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[3184,2419,10,13,29,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-almoosa-health","tag-capital-markets","tag-enterpriseam-ksa","tag-healthcare","tag-ipo-watch","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"4d40fa66-ff2f-4d33-bf03-8aee616f43c1","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2659.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed","related_issue":[93012],"teaser":"Shares went at SAR 127 apiece","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.37d8a13c-9717-485a-b661-2d02770d30a7.mp3"},"yoast_head":"\nAlmoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"Shares went at SAR 127 apiece\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed\",\"datePublished\":\"2024-12-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\"},\"wordCount\":269,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Almoosa Health\",\"Capital Markets\",\"EnterpriseAM KSA\",\"healthcare\",\"IPO watch\",\"Tadawul\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\",\"name\":\"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-12-31T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/","og_locale":"en_US","og_type":"article","og_title":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed","og_description":"Shares went at SAR 127 apiece","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/","og_site_name":"KSA","article_published_time":"2024-12-31T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed","datePublished":"2024-12-31T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/"},"wordCount":269,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1","keywords":["Almoosa Health","Capital Markets","EnterpriseAM KSA","healthcare","IPO watch","Tadawul"],"articleSection":["IPO WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/","name":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1","datePublished":"2024-12-31T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/31\/almoosa-healths-tadawul-ipo-retail-tranche-was-5-1x-oversubscribed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Almoosa Health\u2019s Tadawul IPO retail tranche was 5.1x oversubscribed"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2659.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/93020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=93020"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/93020\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/93012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/93021"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=93020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=93020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=93020"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=93020"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=93020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}