Cold-chain fulfilment for GCC grocery and pharma. Twelve years old, profitable since 2022, raising to fund three regional depots.
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Signed off by a named Compliance Officer on 2 July 2026, under four-eyes review. Rule set: RegWatch GCC v2026.06.
Download the evidence pack ↓Marasi is issuing bonus shares to investors who commit into the earlier tiers, from its own allocation. The ladder was published before the offer opened and cannot be changed while it's live. It's a term of the offer, it's in your subscription agreement, not just on this page.
Grocery delivery in the Gulf grew faster than the infrastructure underneath it. Every quick-commerce operator in the UAE promises 20-minute delivery on chilled goods; almost none of them own the depot, the reefer fleet or the temperature audit trail that makes the promise legally defensible for pharma.
Marasi has spent twelve years building that layer. Three temperature bands, DHA and MoHAP-compliant handling, unbroken chain-of-custody logging, and a customer list that reads like the region's grocery and pharmacy sector because it is. The business turned profitable in 2022 and has stayed there through two rate cycles.
The raise funds three depots (Riyadh, Dammam and a second Dubai site) plus the fleet to serve them. The Saudi expansion is contracted, not speculative: two of the top five customers have signed volume commitments conditional on capacity being live by Q3 2027.
Every figure below appears twice: as stated by the company, and as reconciled by us against VAT returns, e-invoicing records and the accounting ledger. Where they differ, we show the difference rather than pick a side.
| FY2025 | Stated | Verified | Source |
|---|---|---|---|
| Revenue | AED 41.2m | AED 41.2m | VAT + ledger |
| Gross margin | 38.0% | 36.4% | Audited accounts |
| EBITDA | AED 6.9m | AED 6.1m | Audited accounts |
| Net cash | AED 3.4m | AED 3.4m | Bank confirmation |
| Customer concentration (top 5) | 64% | 71% | Contract review |
| Headcount | 212 | 204 | WPS records |
Rights the issuer has offered on this round. Available to every investor on identical terms, these aren't negotiated, and there's no version of this page where someone else got a better one.
Right to maintain your ownership percentage in Marasi's next priced round. Offered to all Series B holders.
Non-binding indication that you'd consider a further allocation. Not an offer, not a commitment, and creates no obligation on either side.
Management accounts and a KPI pack each quarter, rather than the annual default. Offered at every ticket size, not just large ones.
Identity, directorship history and credentials confirmed through the registries and Profiq. Every name below has been screened against sanctions, PEP and adverse-media sources, and rescreened daily since.
Assembled from a maintained library covering this issuer, this sector, this instrument and this jurisdiction. The issuer may add to it. The issuer cannot edit it below the mandatory floor.
Higher than the 64% stated in the deck. The loss of either of the top two would be material to EBITDA within two quarters. Contracts are one to three years with no exclusivity.
Volume commitments are conditional on capacity being live by Q3 2027. Depot construction, licensing and cross-border cold-chain approvals are all on the critical path and none are complete.
A commercial dispute with a former logistics subcontractor, filed 2025, quantum below AED 2m. No provision has been taken. Full pleadings are in the data room.
These shares are not listed or traded. The exit facility is a bulletin board that lets you seek a buyer among other eligible investors on this platform. It is not a market, there is no obligation on anyone to buy, and there may be no price at which anyone will.
Private company shares can become worthless. There is no deposit protection and no compensation scheme covering this investment. Only commit capital you can afford to lose entirely.
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