EFSIM gets CMA nod to float 30% on TASI

Logo of EFSIM Facilities Management Co.

The Capital Market Authority (CMA) approved today, Sept. 29, the application of EFSIM Facilities Management Co. for the registration and offering of 16.8 million shares, or 30% of its share capital, on the Main Market (TASI).

The prospectus will be published within sufficient time prior to the start of the subscription period, according to the market regulator’s website.

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Moreover, it noted that the prospectus will contain the information and data that investors need to review before taking any investment decision, including the company's financial statements and comprehensive information about its activities and management.

The approval is valid for six months from the CMA's resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

EFSIM Facilities Management has been offering integrated facilities management services throughout the Kingdom for over 15 years, catering to both domestic and international clients, according to the company's official website.

The company’s contracts portfolio exceeds SAR 3.2 billion, managing over 32 million square meters of facility space throughout the Kingdom.

The company’s client portfolio includes major government agencies. It delivers more than 75 services to specialized sectors such as oil and gas, banking, industry, the public sector, education, retail, and mixed-use centers.