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

20/03/2025 Argaam
Logo ofSport Clubs Co.

Logo of Sport 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 under the Body Masters brand, which was launched decades ago, and 15 women’s clubs under the Body Motions brand, introduced four years ago.
 
In 2020, the company entered the fitness equipment distribution market with the Body Experts brand, its specialized brand for gym design, construction, finishing, furnishing, and equipment supply. 
 
The company is chaired by Ammar Alkhodari and is led by Wael El Merhabi as CEO.

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