Almoosa Health, a prominent Saudi hospital operator, is set to proceed with its initial public offering (IPO) on the Tadawul stock exchange, offering 13.3 million shares, which represents 30% of its share capital. The company aims to raise capital to support its growth strategy, which includes expanding its healthcare services across Saudi Arabia. The IPO process will begin with the announcement of the price range on December 4, 2024, followed by a retail subscription period from December 23 to 24. Almoosa's revenue reached SAR 870 million with a net income of SAR 40 million as of September 2024, indicating a solid financial foundation for the IPO.

The IPO comes at a time when Saudi Arabia is witnessing significant investments in its healthcare sector, with over $13 billion announced during the recent Global Health Exhibition in Riyadh. This trend reflects the government's commitment to enhancing healthcare infrastructure and services, positioning the country as a burgeoning hub for healthcare investments. Almoosa's move to go public aligns with this broader industry trend, potentially attracting more investors and enhancing its market position. The company’s established presence, with 730 inpatient beds and 290 clinics, positions it well to capitalize on the growing demand for healthcare services in the region.