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Logo of Shalfa Facilities Management Co.
Shalfa Facilities Management Co. set the price of its initial public offering (IPO) on the Nomu-Parallel Market at SAR 61 per share, Value Capital, the financial advisor and lead manager, said in a statement to Tadawul today, Oct. 17.
Qualified investors will start subscription to the shares on offer from Oct. 20-28.
Shalfa offered 630,000 shares, or 15% of its share capital, which stands at SAR 42 million, divided into 4.2 million shares at a nominal value of SAR 10 each, Argaam reported.
The Riyadh-based company was founded in September 2008. It operates in providing facility management solutions, environmental services, project management, and related commercial activities.
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