Riyadh, Saudi Arabia, 3 December 2025: MEFIC Capital, a financial institution specializing in Shariah-compliant asset management and investment solutions, announced the signing of a financial advisory agreement with Ziorak, a subsidiary of Mayar Holding. Under this agreement, MEFIC Capital will act as the financial advisor to the company in relation to its potential initial public offering and the listing of its ordinary shares on the Parallel Market (NOMU).
Ziorak is a dynamic holding company that brings together expertise in plastic manufacturing, water management, landscape execution and resin compounding, delivering integrated, cross-industry value through its specialized subsidiaries.
The Parallel Market (NOMU) serves as an important platform that supports the expansion of promising companies by offering a flexible regulatory environment and financing opportunities that help businesses strengthen their competitiveness and scale their operations. This agreement follows the receipt of all required regulatory and internal approvals, with MEFIC Capital overseeing the preparation for the offering and managing the financial aspects related to the listing process.
Mr. Yasser Ali AlHedaithy, Managing Director and Chief Executive Officer of MEFIC Capital, stated: “The signing of this financial advisory agreement with Ziorak reflects the continuity of our role in structuring and executing public offerings and listings in the Saudi Capital Market, particularly within the Parallel Market (NOMU). This mandate supports the next phase of growth for Ziorak by preparing the company for a potential listing, enhancing its appeal to investors, and strengthening its competitive position in the market.”
Eng. Abdulmajed A. AlShaikh, Board Member and CEO of Mayar Holding Company and the Vice Chairman of Ziorak Company, said: “We see this step as a turning point in Ziorak journey toward growth and development. Choosing MEFIC Capital as our financial advisor reflects our commitment to stronger governance and our willingness for future expansion opportunities. Through this partnership, we aim to strengthen our presence in the market in a way that supports our ambitions and reinforces Ziorak position as a rising player in the industrial sector.”
This agreement reflects the commitment of both MEFIC Capital and Ziorak to operate in accordance with regulatory requirements and the highest professional standards, ensuring a well-structured preparation for the potential offering and strengthening the prospects of a successful listing on the Parallel Market (NOMU) in a matter that delivers added value to the Company’s shareholders.