Mayar eliminates accumulated losses
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1929631
- Published
- 2026-08-16 10:22:00
- Discovered by ProcIntel
- 2026-08-16 14:01:43
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/fd366f83-8ad4-4113-b6e5-89a7f945c10e.png"></p> <p class="ckeCaption" >Logo of Mayar Holding Co.</p> <hr> <div data-olk-copy-source="MessageBody" dir="auto" ><a href="https://www.argaam.com/en/tadawul/nomu/mayar" target="_blank">Mayar Holding Co.</a> said its accumulated losses fell from SAR 45.7 million, representing 76.2% of capital as of Dec. 31, 2025, to zero as of June 30, 2026.</div> <div data-olk-copy-source="MessageBody" dir="auto" ></div> <div data-olk-copy-source="MessageBody" dir="auto"> <p >In a statement to <strong >Tadawul</strong>, the company said the reduction was mainly attributable to the SAR 70.8 million support provided by its major shareholder during the period.</p> <p ></p> <p >The company added that its executive management, under the guidance of the board of directors, is working to improve operational efficiency and rationalize costs to enhance profitability.</p> <p ></p> <p >According to data available with <strong >Argaam</strong>, Mayar’s losses rose to SAR 25.2 million (after excluding minority interest) in H1 2026, compared with losses of SAR 11.9 million in H1 2025.</p> <p ></p> <p >In March, the company received a letter from its major shareholder, Taya Holding Co., which owns 83.14% of Mayar’s shares, confirming the unconditional waiver of a part of its credit balance as of March 11, amounting to SAR 16.8 million.</p> <p ></p> <p >The waiver was intended to support the company and offset part of its accumulated losses.</p> <p ></p> <p >The company also received another letter in June confirming the shareholder’s waiver of its entire credit balance as of June 25, amounting to SAR 67.59 million.</p> <p ></p> <p ><strong><a href="https://www.saudiexchange.sa/Resources/fsPdf/15710_4246_2026-08-13_17-59-59_en.pdf" target="_blank">For the auditor’s report outlining the company’s financial position following the elimination of its accumulated losses</a></strong></p> </div>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.