Shalfa issues prospectus to offer 630,000 shares on Nomu

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.

For More IPOs

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.