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Saudi fitness firm Sport Clubs aims to raise $69 million in IPO

As Saudi Arabia’s IPO pipeline heats up, the Sport Clubs listing in Riyadh taps into growing investor interest in lifestyle, health and wellness

FAYEZ NURELDINE/AFP via Getty Images

Logo of Saudi Arabia's Stock Exchange Market

Riyadh-based Sport Clubs Company is limbering up for an IPO that will seek to raise $69 million, bringing one of Saudi Arabia’s largest fitness networks into the public eye.

Since 1994, the company has built a strong presence across...