{"id":90671,"date":"2024-10-20T00:00:00","date_gmt":"2024-10-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/20\/shalfa-prices-nomu-ipo\/"},"modified":"2024-10-20T00:00:00","modified_gmt":"2024-10-20T00:00:00","slug":"shalfa-prices-nomu-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/20\/shalfa-prices-nomu-ipo\/","title":{"rendered":"Shalfa prices Nomu IPO"},"content":{"rendered":"

Shalfa Facilities Management priced its <\/strong>secondary<\/strong> share sale of a 15% stake <\/strong>on Tadawul\u2019s parallel market Nomu at SAR 61 apiece<\/strong>, according to a filing to Tadawul<\/a>. Qualified investors will be able to subscribe to the offering starting today, through to Monday, 28 October. Each investor can book a minimum of 10 shares, and a maximum of 210k shares. The final allocation will take place on Thursday, 31 October. <\/p>\n

Proceeds + market cap:<\/strong> The pricing could see the Riyadh-based waste management company raise up to SAR 38.4 mn in proceeds and would give it a market cap of SAR 256.2 mn at listing.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REFRESHER-<\/strong> The offered shares will be sold<\/a> by the three substantial shareholders \u2014 Mohamed Abdullah Ibrahim, Abdullah Mohamed Ibrahim, and Fahd Mohamed Ibrahim \u2014 who each own a third of the company\u2019s 4.2 mn shares. The trio will see their collective stake reduced to 85% post-IPO, with each partner holding 28.3% of the company. The selling shareholders will pocket all proceeds from the offering, after some SAR 2.5 mn are used to cover IPO-related expenses. They will also abide by a 12-month lockup period starting on the start of trading, before they can execute any transactions on their shares.<\/p>\n

Latest earnings<\/strong>: <\/strong>Shalfa\u2019s net income rose to SAR 21.5 mn in 2023, up from 9.5 mn in 2022, and its revenues increased to SAR 260.4 mn in 2023, up from SAR 123.1 mn, according to the prospectus. <\/p>\n

ADVISORS-<\/strong> Value Capital is the financial advisor and lead manager on the transaction. The receiving agents are Al Rajhi Capital, Albilad Capital, Riyad Capital, SNB Capital, Alistithmar Capital, Alinma Investment, AlJazira Capital, ANB Capital, SAB Invest, Derayah Financial, Saudi Fransi Capital, Alkhabeer Capital, Yaqeen Capital, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shalfa set to raise SAR 38.4 mn in IPO proceeds<\/p>\n","protected":false},"author":1,"featured_media":90672,"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":[2419,10,29,369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","wpautop","entry"],"acf":{"mongo_id":"a6d763ec-9468-408c-84c1-9fcc5a80d4ac","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1532.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shalfa prices Nomu IPO at SAR 61 apiece, subscription starts today","related_issue":[90660],"teaser":"Shalfa set to raise SAR 38.4 mn in IPO proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.50872052-3bb5-4334-8734-93456605a73c.mp3"},"yoast_head":"\nShalfa prices Nomu IPO - 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