Manazel PJSC

Manazel PJSC is exploring new investment opportunities in collaboration with the Ministry of Housing in Muscat. A meeting was held between H.E. Mohammed Al Qubaisi, Chairman of Manazel L.L.C., and H.E. Hisham Al Zubaidi, Advisor to the Minister for Commercial Affairs and Real Estate Development, along with other officials. The discussion focused on identifying investment opportunities to support Manazel's external projects, such as those in Salalah, Jabal Al Akhdar, and central Muscat.

شركة منازل ش م خ اجتمعت مع وزارة الإسكان في مسقط لمناقشة فرص استثمارية جديدة.

شركة منازل ش.م.خ وقعت اتفاقية تعاون مع شركة يمناك للاستشارات لتأمين أرض مشروع في المدينة المنورة، السعودية، بهدف تطوير مشروع سكني. هذا المشروع يهدف إلى تعزيز مشاريع منازل الخارجية وتوفير الخيارات السكنية المناسبة لعملائها. المدينة المنورة تعتبر وجهة استراتيجية نظراً لأهميتها الدينية والاقتصادية، مما يجعلها موقعاً جذاباً للزوار والمقيمين.

Manazel PJSC has released its interim condensed consolidated financial statements for the period ending June 30, 2024. These statements are unaudited.

Manazel PJSC has released its interim condensed consolidated financial statements for the period ending June 30, 2024. These statements are unaudited.

Resolution No. (419) of 2024 concerns the temporary suspension of trading on the shares of Manazel PJSC. This decision, subject to article No. (16) of the regulations concerning the listing of securities on ADX, has been made due to the company's AGM being held at the same time as the trading session at ADX. Therefore, trading in Manazel shares will be suspended from 10:00 on 30-May-2024 until ADX receives the AGM results. The resolution instructs all department heads at ADX to execute this resolution in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 23/05/2024.

Resolution No. 417 of 2024 concerns the temporary suspension of trading on the shares of Manazel PJSC. The decision is based on Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. As Manazel PJSC's AGM is scheduled for 10:00 on 23-May-2024, which coincides with the trading session at ADX, trading in Manazel shares will be suspended from 10:00 on 23-May-2024 until ADX receives the AGM results. All department heads at ADX are required to enforce this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on 20/05/2024.

Manazel PJSC, a UAE-based real estate development company, has appointed investment bank Houlihan Lokey as its financial advisor for a capital optimization plan. The plan includes strategies such as capital raise, corporate reorganization, and sale of non-core assets. Houlihan Lokey will assist Manazel's leadership team to optimize the company's capital structure and identify new investment opportunities. This move is part of Manazel's efforts to strengthen its financial position and promote sustainable growth.