Shalfa prices IPO on Nomu at SAR 61/share

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.

 

For More IPOs

 

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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