Sport Clubs issues prospectus to float 34.3M shares on TASI

Logo of Sport Clubs Co.

Sport Clubs Co.issued today, June 4, the prospectus to offer 34.32 million shares, or 30% of capital, on the Main Market (TASI).

The offered shares represent 33% of the company's pre-IPO capital of SAR 104 million, divided into 104 million shares at a par value of SAR 1 each, and 30% of post-IPO capital.

For More IPOs

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
Shareholders	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

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