Saudi hospital operator Almoosa Health is reportedly expected to launch its initial public offering (IPO) before year-end.
The issue, when launched, could be one of the largest listings in the country this year.
The company is offering 13.3 million shares, representing 30 per cent of the company, IFR reported.
The report said Almoosa Health secured approval from the Saudi Capital Market Authority for the IPO in September.
The regulatory approval has a validity period of six months.
Tadawul offerings have tended to be smaller this year at sub-$350 million equivalent, except Fakeeh Care Group at $764 million.
The fellow hospital operator is an obvious peer for Almoosa with shares remaining slightly above the SAR57.50 issue price at SR58.10, representing 35.2 times 2025 P/E (price-earnings ratio).
The Almoosa Health IPO is expected to be a similar size to Fakeeh’s.
Other potential local peers include Saudi German and Dr Sulaiman Al Habib Medical Services Group, which trade at 20.6 and 36.1 times, respectively.
Almoosa opened its flagship Al Ahsa hospital in 1996 and operates a network of facilities with 750 beds across Saudi Arabia’s Eastern Province.
Earlier this year it announced the opening of a new mental health centre in the Eastern Province.
Two new hospitals, also in the Al Ahsa region, are under construction with eventual capacity of 300 and 400 beds as well as new primary care centres as a result of over SAR 3 billion ($799 million) of investment.
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