Shalfa to debut on Nomu today

Shalfa offered 630,000 shares on Nomu, representing 15% of the company’s SAR 42 million capital, divided into 4.2 million shares at a par value of SAR 10 each. The offering was 1,745.24% oversubscribed.

This is the 22nd IPO on Nomu this year, including three direct listings, and 19 offerings to qualified investors.

Last year, Nomu witnessed 35 IPOs, including six direct listings, and 29 offerings to qual-ified investors in addition to one REIT.

Shalfa’s Nomu listing would bring the number of the Parallel Market listed companies to 99, in addition to Alwaha REIT Fund.

Company Profile

Shalfa was founded in September 2008 as a limited liability company in Riyadh and con-verted into a closed joint-stock company in December 2023.

It provides 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.