Manazel PJSC announced the engagement of Houlihan Lokey as its financial advisor for the implementation of a comprehensive capital optimization plan. This engagement marks a significant step in Manazel's efforts to boost its development arm, strengthen its financial position, and drive sustainable growth through numerous potential targeted initiatives such as capital raise, corporate reorganization, sale of non-core assets, and other value-enhancing measures. The collaboration with Houlihan Lokey underscores Manazel's commitment to
proactive financial management and creating long-term value for its shareholders and stakeholders.