{"id":98375,"date":"2025-07-02T00:00:00","date_gmt":"2025-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/sport-clubs-prices-tadawul-ipo-at-sar-7-50-per-share\/"},"modified":"2025-07-02T00:00:00","modified_gmt":"2025-07-02T00:00:00","slug":"sport-clubs-prices-tadawul-ipo-at-sar-7-50-per-share","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/02\/sport-clubs-prices-tadawul-ipo-at-sar-7-50-per-share\/","title":{"rendered":"Sport Clubs prices Tadawul IPO at SAR 7.50 per share"},"content":{"rendered":"

Sports Clubs Company set the final offer price for its IPO at SAR 7.50 per share, pricing<\/strong> at the top end of the range<\/strong>, according to a disclosure to the bourse<\/a>. Investor appetite was strong, with the institutional offering 44.1x oversubscribed.<\/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 listing will see the Riyadh-based fitness chain float 30%<\/a> of its share capital, or 34.32 mn shares, nearly three months<\/a> after receiving regulatory approval. Of the total offering, 23.9 mn shares or 21% of post-IPO capital are existing shares, with the remaining portion comprising newly issued stock.<\/p>\n

Proceeds + market cap:<\/strong> The IPO is expected to raise up to SAR 257.3 mn, implying a market capitalization of SAR 858 mn at listing. Of the net proceeds, the company plans to deploy 60% toward setting up and equipping new fitness clubs, 20% to purchase new equipment, 16% to upgrade existing facilities, and 4% to settle outstanding obligations. Selling shareholders will retain the proceeds from the secondary component, while offering expenses are estimated at SAR 25 mn.<\/p>\n

Next up: <\/strong>Retail investors are set to be allocated up to 20% of the offering, with a one-day subscription window on 8 July. Each investor will be able to book a maximum of 250k shares, and a minimum of 10. Final allocation of shares is slated for no later than 10 July.<\/p>\n

Post-IPO structure:<\/strong> Selling parties will retain a 56% post-IPO majority, down from 80%. Their shares will remain on lockup for 6 months from the first day of trading.<\/p>\n

ADVISORS- <\/strong>BSF Capital is quarterbacking the transaction as lead manager, financial advisor, bookrunner, and underwriter. Kirkland & Ellis International is providing counsel. PwC is serving as financial due diligence advisor, Dr. Mohamed Al-Amri & Co. Chartered Accountants as auditor, and Portas Consulting MEA as market consultant.<\/p>\n

Receiving agents <\/strong>include BSF Capital, Al Rajhi Capital, Albilad Investment, Riyad Capital, SNB Capital, ANB Capital, Derayah Financial, SAB Invest, and Alinma Investment, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The institutional book-building process was 44.1x oversubscribed<\/p>\n","protected":false},"author":1,"featured_media":98376,"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":[10,2637,29,3898,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo","tag-ipo-watch","tag-sports-clubs","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"0ce734f3-c216-4a75-ab59-e8d3df692397","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/131.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sport Clubs sets its Tadawul IPO share price at SAR 7.50","related_issue":[98370],"teaser":"The institutional book-building process was 44.1x oversubscribed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.ff32626c-4acb-4eef-89bf-1c59d08c91f4.mp3"},"yoast_head":"\nSport Clubs prices Tadawul IPO at SAR 7.50 per share - 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