EFSIM Facilities Management Company, a leading integrated facilities management provider in Saudi Arabia, has announced plans for an initial public offering and listing on the Main Market of the Saudi Exchange. The IPO will offer 16.8 million shares, representing 30% of the company’s post-offering share capital, including 5.8 million sale shares from existing shareholders and 11 million newly issued shares. Proceeds will fund working capital, technology investments, staff accommodation and transport assets, and general corporate purposes.

Founded in 2008, EFSIM delivers output-based facilities management solutions to sectors including aviation, healthcare, education, oil and gas, and giga projects. The company manages over 32 million square metres of facilities through 118 active contracts, supported by a workforce exceeding 8,000, including 991 directly employed Saudi nationals.

Financial performance underscores the company’s momentum. FY2024 revenues reached SAR 803 million, up 54% from 2022, with Adjusted EBITDA of SAR 93 million and net profit of SAR 52 million. In 9M 2025, revenue rose 24.7% to SAR 725 million, while margins remained robust. A SAR 1.8 billion contract backlog, with a three-year weighted average life, provides high revenue visibility and operational stability.

With over 75 service lines and client retention exceeding 90%, EFSIM combines sector-specific expertise with the global best practices of its affiliate, EFS Group. Its scalable model and first-mover advantage in output-based FM position the company to capture growth from Saudi Arabia’s expanding FM market, supported by Vision 2030 investments in mega and giga projects.

CEO Tariq Chauhan emphasises that the IPO will accelerate growth, enhance operational efficiency, and expand services, reinforcing EFSIM’s role as a national champion in the Kingdom’s built environment.

Explore the full article to see how EFSIM is shaping the future of facilities management in Saudi Arabia.