Update: EFSIM Facilities Management Decides Not to Proceed with IPO on TASI

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EFG Hermes KSA has officially announced that EFSIM Facilities Management Company will not proceed with its Initial Public Offering (IPO) on the Saudi Exchange Main Market at this time.

This decision comes shortly after the company initiated the book-building process on December 1, 2025, having previously set a price range of SAR 19 to SAR 20 per share.

Key Takeaways for Investors:

The Decision: After consulting with its financial advisor, the company has decided to halt the offering process.
Context: The IPO was set to offer 16.8 million shares (30% of capital), comprising both new capital and a secondary sale by existing shareholders.
Future Outlook: EFSIM confirms it remains committed to its strategic expansion plans. The company intends to explore various growth options and will reconsider the IPO in the future.

Note: This update strictly reflects the official announcement from EFG Hermes KSA dated December 8, 2025.

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