Shalfa to debut on Nomu today

06/11/2024 Argaam
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co.


Shalfa Facilities Management Co. will start trading on the Nomu-Parallel Market today, Nov. 6, under the symbol 9613 and ISIN code SA1650UKM6H2, at SAR 61 per share.
 
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
 

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.

 

Company Profile

Name

Shalfa Facilities Management Co.

Market

Nomu

Core Activities

Facility management solutions and environmental services

Capital 

SAR 42 mln

Number of Shares

4.2 mln

Par Value

SAR 10/share

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Mohammed Abdullah Ahmed Al Brahim

1.40

33.33%

1.19

28.33%

Abdullah Mohammed Abdullah Al Brahim

1.40

33.33%

1.19

28.33%

Fahd Mohammed Abdullah Al Brahim

1.40

33.33%

1.19

28.33%

Qualified Investors

--

--

0.63

15.00%

Total

4.2

100 %

4.2

100%

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