{"id":102968,"date":"2025-12-02T00:00:00","date_gmt":"2025-12-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/12\/02\/efsim-facilities-sets-ipo-price-range-at-sar-19-20\/"},"modified":"2025-12-02T00:00:00","modified_gmt":"2025-12-02T00:00:00","slug":"efsim-facilities-sets-ipo-price-range-at-sar-19-20","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/12\/02\/efsim-facilities-sets-ipo-price-range-at-sar-19-20\/","title":{"rendered":"EFSIM Facilities sets IPO price range at SAR 19-20"},"content":{"rendered":"

<\/strong>Riyadh-based EFSIM Facilities Management is guiding on a price range of <\/strong>SAR 19-20 per <\/strong>share for its IPO on Tadawul\u2019s main market<\/strong>, according to a press release (pdf)<\/a>. The final offer price, which should be determined after bookbuilding ends on 22 December, could see the IPO fetch some SAR 336 mn in proceeds at the top of the range, implying a market cap of SAR 1.12 bn at listing. <\/p>\n

REFRESHER-<\/strong> The facilities management provider is offering a 30% stake (post-IPO)<\/a>, good for 16.8 mn shares, in a combined primary and secondary sale on Tadawul. 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%. Only the primary portion of the offering will flow to the company. <\/p>\n

Institutional subscription opened yesterday<\/strong>, and will run until 7 December. Institutional investors can subscribe to between 50k and 2.8 mn shares each. Meanwhile, retail buyers will get a 30% clawback from 18 to 22 December, where they can subscribe for a minimum of 10 shares and up to 750k shares. Final allocations should take place by 25 December.<\/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 White & Case is the underwriter counsel. PwC handled financial and tax due diligence, Deloitte is auditor, and Arthur D. Little provided market research.<\/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 Capital.<\/p>\n

ALSO IN THE PIPELINE-<\/strong><\/p>\n