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

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 18 cities, with 41 men’s gyms under the veteran Body Masters brand and 15 women’s clubs under the newer Body Motions banner.

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

The company set a price range for its IPO on Riyadh’s Tadawul Exchange between 7 and 7.50 Saudi riyals ($1.87 – $2) per share, according to financial advisor Saudi Fransi Capital.