Investment Case

About EFSIM

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Company in Numbers
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+ 75

Service lines offered

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118

Active contracts as of 31 March 2025

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SAR 1.8

Billion

Contracts contractual backlog as of 31 March 2025

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> 90 %

Client retention rate over the past 10 years

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> 90 %

Client retention rate over the past 10 years

    EFSIM's Sector Expertise

    Bespoke, industry-specific FM solutions for Saudi Arabia’s strategic sectors

    EFSIM has established deep, sector-specific capabilities, uniquely positioning the company as the preferred facilities management partner for Saudi Arabia’s most strategic growth sectors, in line with Vision 2030. From giga projects and aviation to assorted commercial environments and the oil and gas sector, EFSIM provides comprehensive, customized services that support sustained growth and national transformation across the Kingdom.

    Aviation
    21%
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    Aviation
    21%

    Providing a diverse range of FM services tailored to airports and related infrastructure

    • Represents 22% of FY2024. Revenue – SAR 176.5
    • Core Area: Western Region
    Assorted Commercial
    22%
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    Assorted Commercial
    22%

    Providing a diverse range of FM services tailored to airports and related infrastructure

    • Represents 22% of FY2024. Revenue – SAR 176.5 mn
    • Core Area: Western Region
    Oil and Gas
    24%
    Sector background
    Oil and Gas
    24%

    Providing a diverse range of FM services tailored to airports and related infrastructure

    • Represents 22% of FY2024. Revenue – SAR 176.5 mn
    • Core Area: Western Region

    Sector Pioneer

    Leading the transitionfrom O&M to FM in Saudi Arabia

    As a pioneer in output-based integrated facilities management (IFM) in Saudi Arabia, EFSIM is leading the industry’s transition beyond traditional operations and management (O&M). IFM, which enables significant value addition for clients, is rapidly gaining broad acceptance across the Kingdom, fueling the next phase of growth in the sector.

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    Traditional O&M1

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    IFM

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    Leadership Message

    leadership message

    “EFSIM has played a pioneering role in shaping Saudi Arabia’s integrated facilities management sector by delivering comprehensive, technology-enabled solutions to some of the Kingdom’s most iconic projects. Our 15-year track record demonstrates not only operational excellence but also our commitment to national transformation aligned with Vision 2030. With our strong contractual base, high client retention, and scalable self-delivery model, we are uniquely positioned to lead the next chapter of growth in the industry. This IPO will further accelerate our journey, allowing us to invest in automation, enhance operational efficiency, and expand our service offerings, ultimately creating lasting value for our stakeholders and reinforcing our role as a national champion in Saudi Arabia’s built environment.”

    TARIQ CHAUHAN

    Chief Executive Officer

    Investment Highlights

    Large addressable market underpinned by a favorable economy and strong industry fundamentals
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    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standardsfor service, and localization mandates favoring institutional FM partners with scale and delivery capability.
    Proven track record of delivering high-quality IFM solutions across multiple high-potential sectors, strengthening market positioning and business resilience
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    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standards for service, and localization mandates favoring institutional FM partners with scale and delivery capability.
    Nationwide presence with a high-profile client base powered by an extensive and well-developed service infrastructure
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    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standards for service, and localization mandates favoring institutional FM partners with scale and delivery capability.
    Strong client loyalty and a growing backlog enabling, long-term revenue visibility
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    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standards for service, and localization mandates favoring institutional FM partners with scale and delivery capability.
    Strong financial performance driven by a growing top line, healthy margins, and attractive returns to shareholders
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    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standards for service, and localization mandates favoring institutional FM partners with scale and delivery capability.
    Veteran leadership team with a clear vision and commitment to innovation
    accordion_icon
    • The total FM market in Saudi Arabia is valued at SAR 109 billion, with the output-based FM segment- EFSIM’s core focus – sized at SAR 28 billion in 2024. As the fastest-growing segment, output-based FM is expected to expand at 12% CAGR through 2029, driven by growing preference for performance-led and integrated service models.
    • Saudi Arabia’s FM spend per capita remains significantly lower than other GCC markets, indicating substantial headroom for growth as the market matures.
    • Sector expansion is driven by Vision 2030 reforms: increased infrastructure investment, higher standards for service, and localization mandates favoring institutional FM partners with scale and delivery capability.