EFSIM Facilities management Company is moving forward with plans to list 30% of its shares on the Saudi Exchange‘s Main market, according to a recent proclamation from Hermes Saudi [[1]]. The facilities management firm, which serves sectors including aviation, education, and oil & gas, has received conditional approval from the exchange and is now initiating the book-building process with a price range of 19 to 20 saudi Riyals per share [[1]]. This IPO represents a significant growth for the company,formerly known as Amcor Saudi Arabia,as it seeks to expand its capital and public profile [[2]].
EFSIM Facilities Management Company Logo
Hermes Saudi, acting as the financial advisor and lead manager for EFSIM Facilities Management, announced today the price range for the company’s initial public offering (IPO) on the Saudi Exchange’s Main Market. Shares are expected to be priced between 19 and 20 Saudi Riyals per share.
The company stated in a filing that the book-building process for institutional investors will begin on Monday, December 1, 2025, and will remain open for seven calendar days, concluding on December 7, 2025.
Participation in the book-building process is limited to eligible participants as defined by the Capital Market Authority’s (CMA) regulations regarding IPOs.
The final share price will be determined following the completion of the book-building process, the company added.
The offering will involve a total of 16.8 million shares, representing 30% of the company’s capital after the IPO and a subsequent capital increase, achieved through:
First: The sale of 5.8 million existing ordinary shares by current shareholders, proportionally based on their existing ownership stakes.
Second: The issuance of 11 million new ordinary shares for public subscription.
According to data from Argaam, the company was founded in 2008 under the name Amcor Saudi Arabia, later converting to a closed joint-stock company. In 2024, the company’s name was officially changed to EFSIM Facilities Management.
EFSIM Facilities Management provides integrated facilities management services throughout Saudi Arabia, with a core focus on cleaning, operation, and maintenance. The company serves a diverse range of sectors, including aviation, education, and oil & gas.
The retail subscription period is scheduled to begin on December 18, 2025, and will remain open for five calendar days, concluding on December 22, 2025. A total of 5.04 million shares, representing 30% of the shares offered, will be allocated to retail investors.
