Shalfa issues prospectus to offer 630,000 shares on Nomu

26/09/2024 Argaam
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co.


Shalfa Facilities Management Co. published the prospectus to offer 630,000 shares, or 15% of its share capital, on the Nomu-Parallel Market.

The company’s capital stands at SAR 42 million, divided into 4.2 million shares at a nominal value of SAR 10 each.


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On June 10, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.

 

The retail offering will run from Oct. 20-28.

 

It will be only for qualified investors.

 

The company was founded in September 2008 in Riyadh. It operates currently in providing facility management solutions, environmental services, project management, and related commercial activities.

 

According to its commercial registration, the company's business activities, as outlined in its prospectus, include operating wastewater treatment networks and facilities, municipal waste collection services, recycling material collection, transportation of municipal and hazardous waste, operation of hazardous waste treatment facilities and final disposal, as well as building maintenance, cleaning services, road cleaning, and other related activities.

 

Company Profile

Name

Shalfa Facilities Management Co.

Market

Nomu

Core Activities

Facility management solutions and environmental services

Capital 

SAR 42 mln

Number of Shares

4.2 mln

Par Value

SAR 10/share

 

IPO Summary

Issue Percentage

15%

Number of Shares Offered

630,000

Minimum Subscription Limit

10 shares

Minimum Subscription Limit

209,990 shares

IPO Period

Oct. 20, 2024

Final Allocation

Oct. 31, 2024

Surplus Refund (If any)

Nov. 4, 2024

 

Additional Information

Financial Advisor & Lead Manager

Value Capital

Receiving Banks

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, Sahm Capital

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