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‎Sport Clubs gets CMA approval to float 34.3M shares on TASI

by
March 20, 2025
‎Sport Clubs gets CMA approval to float 34.3M shares on TASI ‎Sport Clubs gets CMA approval to float 34.3M shares on TASI

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Logo ofSport Clubs Co.

The Capital Market Authority (CMA) gave the go-ahead for Sport Clubs Co.‘s application to register and offer 34.32 million shares, representing 30% of its share capital, on the Main Market (TASI).

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The prospectus will be published within sufficient time prior to the start of the subscription period, according to the CMA website.

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The approval will be valid for six months and will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period.

Sports Clubs, founded in 1994, operates 56 branches across 18 Saudi cities. Its portfolio includes 41 men’s clubs undertheBody Mastersbrand, which was launched decades ago,and 15 women’s clubs undertheBody Motionsbrand, introduced four years ago.
In 2020, the company entered the fitness equipment distribution market withtheBody Expertsbrand, its specialized brand forgym design, construction, finishing, furnishing, and equipment supply.
The company is chaired byAmmar Alkhodari and is led byWael El MerhabiasCEO.

 

‎

Logo ofSport Clubs Co.

The Capital Market Authority (CMA) gave the go-ahead for Sport Clubs Co.‘s application to register and offer 34.32 million shares, representing 30% of its share capital, on the Main Market (TASI).

The prospectus will be published within sufficient time prior to the start of the subscription period, according to the CMA website.

For More IPOs

The approval will be valid for six months and will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period.

Sports Clubs, founded in 1994, operates 56 branches across 18 Saudi cities. Its portfolio includes 41 men’s clubs undertheBody Mastersbrand, which was launched decades ago,and 15 women’s clubs undertheBody Motionsbrand, introduced four years ago.
In 2020, the company entered the fitness equipment distribution market withtheBody Expertsbrand, its specialized brand forgym design, construction, finishing, furnishing, and equipment supply.
The company is chaired byAmmar Alkhodari and is led byWael El MerhabiasCEO.
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