| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s announcement regarding Ziorak Company (a subsidiary of Mayar Holding Company) appointing Middle East Financial Investment Company (MEFIC Capital) as a financial advisor, Mayar Holding Company announces that Ziorak Company intends to submit an application to the Capital Market Authority to increase its share capital by offering 30% of its share capital (after the increase) for offering and listing on the Parallel Market (Nomu). The Company will announce any material developments in due course in accordance with the relevant laws and regulations. |
| Previous Announcement | Mayar Holding Company announces that Ziorak Company (one of its subsidiaries) has appointed (MEFIC Capital) as a financial advisor for the purpose of arranging the offering and listing of Ziorak Company's shares on the parallel market (Nomu). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-12-04 Corresponding to 1447-06-13 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Mayar Holding Company announces that Ziorak Company (one of its subsidiaries) intends to submit an application to the Capital Market Authority to increase its share capital by offering 30% of its share capital (after the increase) for offering and listing on the Parallel Market (Nomu). This step comes as part of Mayar Holding Company’s strategy to support operational expansion in the plastics manufacturing sector, including the production of irrigation pipes, execution of landscaping irrigation projects, footwear manufacturing, in addition to a range of related industries. The Company also aims through this step to finance its future growth plans, support the execution of its strategic projects, and enhance long-term financial sustainability. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | N/A |