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Ziorak Company, a subsidiary of Saudi Arabia’s Mayar Holding Co, is planning to apply for approval from the Capital Market Authority to offer 30% of its share capital through an IPO, followed by a listing on the Nomu Parallel Market.
Ziorak, which specialises in plastic manufacturing and water management solutions, has appointed MEFIC Capital as financial adviser for the IPO process.
(Writing by Brinda Darasha; editing by Seban Scaria)
