{"id":102809,"date":"2025-11-26T00:00:00","date_gmt":"2025-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/26\/efsim-facilities-management-is-coming-to-tadawul\/"},"modified":"2025-11-26T00:00:00","modified_gmt":"2025-11-26T00:00:00","slug":"efsim-facilities-management-is-coming-to-tadawul","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/26\/efsim-facilities-management-is-coming-to-tadawul\/","title":{"rendered":"EFSIM Facilities Management is coming to Tadawul"},"content":{"rendered":"

One more Tadawul IPO<\/strong>:<\/strong> Riyadh-based EFSIM Facilities Management is offering a 30% stake (post capital increase), good for 16.8 mn shares, in a combined primary and secondary sale on Tadawul\u2019s main market, according to its prospectus (pdf)<\/a>. The listing includes 11 mn new shares and 5.8 mn secondary shares sold by existing shareholders EFS Group, AlKhafrah, Lama, Career First and Khaled AlKuwaiz whose combined interest will fall to 70%. <\/p>\n

Only the primary portion of the offering will flow to the company,<\/strong> after some SAR 21 mn in IPO-related expenses are deducted. EFSIM plans to allocate its share of the net proceeds mainly to strengthen working capital, its largest bucket at 35-40%, to support rising activity and liquidity needs. A further 25-30% is earmarked for new worker accommodation and fleet expansion, while 5-10% will go toward technology and equipment upgrades. The remaining 15-20% is allocated to general corporate purposes, with spending expected to roll out from early 2026 through 2030.<\/p>\n

Meanwhile<\/strong>, selling shareholders will only pocket the proceeds from the secondary sale of 5.8 mn shares. Their shares will be in lockup for six months from the first day of trading, while EFS Group voluntarily committed to a two-year lockup.<\/p>\n

Subscriptions open next month:<\/strong> The IPO will initially be open to institutional investors, with up to 30% clawback for retail subscribers. The institutional bookbuilding period will run 1-7 December, followed by the retail window from 18-22 December. Institutions can apply for a minimum of 50k shares and up to 2.8 mn shares each, while individual investors can subscribe for a minimum of 10 shares and up to 750k shares. Final allocations should take place by 25 December. <\/p>\n

EFSIM is an integrated facilities management provider established in 2009<\/strong>, offering more than 75 services across sectors including giga-projects, aviation, oil and gas, education, commercial, and events. The company's net income more than tripled in 1Q 2025 to SAR 13.2 mn, up from SAR 4.3 mn a year earlier. Revenues rose 29% y-o-y over the same period to SAR 219.1 mn, compared with SAR 169.1 mn in 1Q 2024.<\/p>\n

ADVISORS-<\/strong> Our friends at EFG Hermes KSA are acting as financial advisor, lead manager, underwriter and bookrunner. Zeyad Sameer Khoshaim (K&A) is legal counsel to the issuer, while <\/span>White & Case is the <\/span>u<\/span>nderwriter counsel.<\/span> PwC handled financial and tax due diligence. Deloitte is auditor. Arthur D. Little provided market research.<\/span><\/p>\n

Receiving agents <\/strong>include EFG Hermes KSA, SNB Capital, Riyadh Capital, Saudi Fransi Capital, AlJazira Capital, AlBilad Capital, ANB Capital, Derayah Financial, AlRajhi Capital, Alistithmar Capital, Alinma Investment, Yaqeen Capital, AlKhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, Musharaka Capital, and Awaed Al Osool Capital.<\/p>\n

EDITOR'S NOTE-<\/b> This story was updated on 26 November 2025. An earlier version of the story incorrectly identified the IPO's advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The institutional bookbuilding period will run 1-7 December.<\/p>\n","protected":false},"author":1,"featured_media":102810,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[29],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"ac77ec05-1d73-4d84-a083-e660daacddb0","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1386.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFSIM Facilities Management issues Tadawul IPO prospectus","related_issue":[102794],"teaser":"The institutional bookbuilding period will run 1-7 December.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.179e133a-8699-40d0-8daf-0ac3996af015.mp3"},"yoast_head":"\nEFSIM Facilities Management is coming to Tadawul - 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