EFSIM Facilities Management Company (EFSIM), a leading integrated facilities management provider in Saudi Arabia, has announced plans to list 30% of its share capital on the Saudi Exchange (Tadawul). The offering will consist of 16.8 million shares, including 5.8 million existing shares and 11 million new shares issued as part of the capital increase.
The company received conditional approval from Tadawul on June 4, 2025, to proceed with its listing on the Main Market (TASI).
IPO Timeline and Share Allocation
The book-building period for institutional investors will run from December 1 to December 7, followed by the retail tranche from December 18 to December 22, during which 5.04 million shares—representing 30% of the total offer shares—will be allocated to retail investors.
Final share allocation and refunds will be processed on December 25.
Net proceeds from the offering, after deducting IPO-related expenses, will be distributed pro rata between the selling shareholders and the company.
EFSIM plans to use its portion of the proceeds to support working capital, invest in technology and equipment, develop or acquire staff accommodation and transportation assets, and address general corporate needs.
A Growing Player in a Critical Sector
Founded in 2008, EFSIM provides integrated facilities management services across key sectors including aviation, oil and gas, healthcare, education, and giga projects.
As of March 31, 2025, the company managed more than 32 million square meters of facilities nationwide and held 118 active service contracts, maintaining a client retention rate above 90% over the past decade.
For the first nine months of 2025, EFSIM reported SAR 725 million in revenue, representing 24.7% year-on-year growth. Net profit reached SAR 44 million, reflecting a 6.1% net profit margin.
Operating in the GCC’s Largest FM Market
Saudi Arabia’s total facilities management market was valued at SAR 109 billion in 2024, making it the largest in the GCC.
The output-based FM segment, which forms EFSIM’s core business, represents 26% of the total market, offering further room for expansion as demand for advanced, integrated FM solutions continues to rise across the Kingdom’s public and private sectors.
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