A leading integrated facilities management company in Saudi Arabia

• In a market characterized by the limited number of players capable of managing large-scale, output-driven contracts, the Company has emerged as a highly organized and independent player, delivering comprehensive world-class services that meet the demands of clients seeking reliability and excellence.
• By engaging giga project clients from the early development stages, the Company fosters long-term relationships that enhance contract visibility. The Company’s proactive approach positions it to capitalize on the giga project segment, projected to be the fastest-growing within the output-based FM market, with a 26.4% CAGR from 2024 to 2029.
• Successful customer-first approach supports an attractive client retention rate of 95% in FY2024G with recurring clients and long-term contract extensions across sectors.
• Market penetration strategy focused on entrenching itself into flagship projects, offering comprehensive and bespoke solutions, making it one of the preferred providers of choice.
• Leveraging its strategic relationship with EFS Group, a global facilities management powerhouse, the Company benefits from industry’s best practices while retaining operational autonomy. This unique structure allows for the integration of global expertise with local insights, providing access to a vast network and valuable industry knowledge. With operations in 26 countries, the Company can draw upon a wealth of knowledge and know-how from EFS Group to enhance its service delivery, while offering an independent and self-sufficient operation in the Kingdom.

• The Company’s business model is built upon three core pillars: excellence, compliance, and sustainability (ECS); focusing on the highest quality standards, driving superior service delivery and operational excellence.
• Comprehensive portfolio of over 75 services encompassing soft services, hard services, specialized services, and fully integrated facilities management solutions, allowing for a wide range of client needs to be addressed and ensuring seamless operational efficiency and long-term asset value optimization.
• Diversified customer base with 118 active contracts as of 31 March 2025 across seven diversified sectors, including giga projects, aviation, healthcare, commercial, industrial, and education, supported by unique capabilities.
• Deep niche sector-specific capabilities and scalability differentiate EFSIM’s offerings from other service providers, positioning it to capture emerging opportunities in specialized sectors, including healthcare, aviation, oil and gas, and others.

• Operations are powered by over 8,000 deployed resources, including 991 directly hired Saudi nationals.
• To institutionalize professional development, the Company has established dedicated Centers of Excellence across Riyadh, Jeddah, and Tabuk, serving as pivotal hubs for employee training, technical specialization, and service innovation.
• Strong technology edge through specialized FM platform, FMPro, optimizes client experience through efficient data management, reporting, and performance benchmarking, with a strategy to integrate IoT and Artificial Intelligence applications to enhance equipment performance, reduce energy consumption, and drive operational efficiencies, strengthening competitive moats.
• Robust on-ground network, including more than 58 staff accommodations, 25 satellite stores, 6 offices, and 2 central warehouses, supports service delivery.
• 90% workforce retention rate in FY2024G, strong compliance culture and a track record of safe operations, achieving a TRIR (Total Recordable Incident Rate) of 0.08 in FY2024G.

• Impressive client retention rate exceeding 90% over the past 10 years, supported by consistent service delivery, strong client relationships, and repeat business across sectors.
• The Company’s contractual backlog reached SAR 1.8 billion as of 31 March 2025G, with a weighted average remaining contract life of 3 years, providing high visibility on future revenues, supporting continued financial stability and predictable cash flows.
• Strategically diversified backlog, diversified across sectors, with approximately 51% in giga projects and 22% in aviation as of 31 March 2025G, reflecting a strong position in high-growth and long-cycle segments.

• Delivered strong financial performance, with revenues increasing from SAR 338 million in 2022 to SAR 803 million in 2024, reflecting a 54% CAGR during this period. This momentum continued into 9M 2025G, with revenues reaching SAR 725 million, growing 24.7% compared to 9M 2024G.
• Gross profit margin rose from 11.1% in 2022 to 13.8% in 2024, while Adjusted EBITDA margins improved from 8.8% to 11.6% over the same period, supported by cost discipline and operational efficiency. In 9M 2025, gross profit margin improved to 14.1%, and Adjusted EBITDA margins were maintained at 11.5%.
• Conservative debt strategy, with Net Debt-to-Adjusted EBITDA Ratio of 0.5x as of 30 September 2025G, ensuring sufficient leverage capacity for future growth.

• EFSIM’s seasoned leadership team with over 120 years of combined FM experience has been instrumental in driving the Company’s growth, resilience, and market leadership. Their strategic vision has enabled EFSIM to navigate industry dynamics, foster innovation, and align with Vision 2030, ensuring long-term success and value creation.

To subscribe to the IPO, you must submit your subscription request electronically through the websites and platforms of the Receiving Agents that offer this service, or through any other methods provided by the Receiving Agents.

For a complete list of Receiving Agents, please scroll down.

For additional details, the prospectus is available in the “IPO resources” section on this webpage. It is also recommended to discuss investment-related queries with a financial advisor.

Subscription to the offer is available to: (1) Participating Parties: This tranche comprises the parties entitled to participate in the book-building process as specified under the Book-Building Instructions; and (2) Individual Subscribers: Individual Subscribers: Individual Subscribers comprising Saudi Arabian natural persons, including any Saudi female divorcee or widow with minor children from a marriage to a non-Saudi person who can subscribe for her own benefit and in the names of her minor children, on the condition that she proves that she is a divorcee or widow and the mother of her minor Saudi Arabian children, as well as any GCC natural persons, or non-Saudi natural persons resident in, or were previously residents in the Kingdom or the GCC countries, in each case who has an investment account and an active portfolio with a Receiving Agent and the right to open an investment account with a Capital Market Institution.

You may download the prospectus from the downloads section on this webpage for more details.

The Final Offer Price of the share will be set after the institutional book-building process is complete.