Logo of Shalfa Facilities Management Co.
The subscription period runs for nine days until Oct. 28.
This is the 19th IPO on Nomu this year, as the offering of Al-Hokail Academy Specialized Digital Polyclinics Co. has been cancelled, and Kinan International for Real Estate Development Co. was delayed.
The Capital Market Authority (CMA) approved, in June 2024, the company’s request to register and float its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts. This is in addition to clients of capital market institutions authorized to carry out management operations, provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center Co. (Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Additionally, the qualified investors include any legal person entitled to open investment accounts inside the Kingdom and with Edaa, as well as natural persons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:
They should have executed transactions in the capital markets worth a minimum of SAR 40 million and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.
They should hold a CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors includes also any other persons as defined by the CMA.
Company Profile
The company was founded in September 2008 as a limited liability company in Riyadh and was converted into a closed joint-stock company in December 2023.
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 operation of 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 Smmary |
|
Issue Percentage |
15% |
Number of Shares Offered |
630,000 |
Minimum Subscription Limit |
10 shares |
Maximum Subscription Limit |
209,990 shares |
IPO Period |
Oct. 20-28, 2024 |
Final Allocation |
Oct. 31, 2024 |
Surplus Refund (If any) |
Nov. 4, 2024 |
Company Shareholders |
||||
Shareholders |
Pre-IPO |
Post-IPO |
||
Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
|
Mohammed Abdullah Ahmed Al Brahim |
1.40 |
33.33 % |
1.19 |
28.33 % |
Abdullah Mohammed Abdullah Al Brahim |
1.40 |
33.33 % |
1.19 |
28.33 % |
Fahd Mohammed Abdullah Al Brahim |
1.40 |
33.33 % |
1.19 |
28.33 % |
Qualified Investors |
-- |
-- |
0.63 |
15.00 % |
Total |
4.2 |
100 % |
4.2 |
100 % |
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 and Sahm Capital |
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