premargin

Element List	Explanation
Introduction	Mayar Holding Company announces that its accumulated losses have reached 69.2% of the Company’s capital amounting to SAR 60 million, based on the internal unaudited financial results as of 31 December 2025, which were finalized on 15 January 2026, corresponding to 26 Rajab 1447H.
Date of Realization of the Loss	2025-12-31 Corresponding to 1447-07-11
Date of Notifying the Board of Directors with the Accumulated Loss	2026-01-15 Corresponding to 1447-07-26
Amount of the Accumulated Losses	SAR 41.53 million
Percentage of the Accumulated Losses out of the Capital (%)	69.2 %
Major Reasons Leading to the Losses	The main reasons for the increase in the percentage of accumulated losses relative to the capital, which resulted in recording a net loss during the current period compared to a net profit in the previous year, are as follows: The decline in revenues, resulting from: • A decrease in feed sales, mainly attributable to pricing pressures on feed products. • A decline in revenues from the elevator sector compared to the same period of the previous year, due to delays in signing certain contracts and delays related to the Sukuk program intended to improve working capital. • A decrease in profit margins for most product categories in the feed and poultry sector, due to pricing pressures in the market, higher production costs, and increased operating expenses. • A working capital deficit that adversely affected operational efficiency. The Board of Directors is currently working on identifying solutions to address the working capital shortfall across the Company’s sectors. • An increase in general and administrative expenses resulting from the companies acquired in the elevator sector during the second half of 2024. The Company is The main reasons for the increase in the percentage of accumulated losses relative to the capital, which resulted in recording a net loss during the current period compared to a net profit in the previous year, are as follows: The decline in revenues, resulting from: • A decrease in feed sales, mainly attributable to pricing pressures on feed products. • A decline in revenues from the elevator sector compared to the same period of the previous year, due to delays in signing certain contracts and delays related to the Sukuk program intended to improve working capital. • A decrease in profit margins for most product categories in the feed and poultry sector, due to pricing pressures in the market, higher production costs, and increased operating expenses. • A working capital deficit that adversely affected operational efficiency. The Board of Directors is currently working on identifying solutions to address the working capital shortfall across the Company’s sectors. • An increase in general and administrative expenses resulting from the companies acquired in the elevator sector during the second half of 2024. The Company is currently working on cost rationalization and improving productivity during the coming period. • An increase in credit loss provision expenses during the period. • An increase in financing costs due to higher cost of funding.
Last day for board of directors to publish the recommendation for the Accumulated Losses	15-03-2026
Last day for board of directors to publish the EGM invitation to consider the company’s continuation	22-06-2026
Application of the Procedures and Instructions	Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 50% or more out of the Capital Thereof will be Applied
Reference to additional procedures or instructions	The Board of Directors has recommended initiating the required procedures and complying with the relevant laws and regulations applicable to companies whose accumulated losses have exceeded 50% of their capital, particularly with respect to disclosure requirements and the protection of shareholders’ rights and interests.
Additional Information	The above-mentioned dates have been determined in accordance with Article (132) of the amended Companies Law, which stipulates that: If the losses of a joint stock company reach half of its issued capital, the Board of Directors must disclose such losses within sixty (60) days from the date it becomes aware thereof, together with the recommendations it has reached regarding such losses. The Board of Directors must also call for an Extraordinary General Assembly to convene within one hundred and eighty (180) days from the date it becomes aware thereof, to consider the continuation of the Company through taking the necessary measures to address such losses or to dissolve the Company.

Mayar Holding Co. Announces its accumulated loses reaching 69.2 % of its capital