EFSIM Facilities Management Co. announced today, Nov. 25, its IPO prospectus for the offering of 16.8 million of its shares on Tadawul’s TASI.
The offered shares represent 30% of the post-offering and post-capital increase share capital and 37.3% of the pre-offering and pre-capital increase share capital, bringing the total capital to SAR 112 million, divided into 56 million shares with a nominal value of SAR 2 per share.
As part of the offering, existing investors will sell 5.8 million shares proportionate to their ownership, representing 10.4% of the post-offering share capital.
The new shares will account for 19.6% of the post-offering share capital, with 11 million shares to be issued by the company.
The company intends to use the proceeds from the offering, after distributing the selling shareholders’ portion and covering offering expenses, to finance working capital, invest in new technologies and equipment, construct or acquire worker housing, purchase transportation means, and for general corporate purposes.
The subscription period for institutional investors, including order book building, is scheduled from December 1 to 7, 2025. Meanwhile, the subscription period for individual investors will run from December 18 to 22, 2025.
In September, the company obtained approval from the Capital Market Authority (CMA) to list its shares on Tadawul’s TASI.
Source: Saudi Week