Mayar Holding Company Announces the Receipt of a Letter from the Major Shareholder (Taya Holding Company, which owns 83.14% of the Company’s shares) Regarding the Unconditional Waiver of the Full Credit Balance Owed by Mayar Holding Company Amounting to SAR 67,592,256

MAYARTadawulJune 28, 2026View on exchange

AI Summary

Major shareholder Taya Holding Company (83.14% ownership) has unconditionally waived the full credit balance of SAR 67,592,256 owed by Mayar Holding Company.
The waiver is intended to support the company’s liquidity and operating activities while strengthening its overall financial position.
The positive financial impact of this waiver is expected to be reflected in the interim financial statements for the first half of 2026.

Element List	Explanation
Announcement Detail	Mayar Holding Company announces that it has received a letter from the major shareholder, Taya Holding Company, which owns 83.14% of the Company’s shares, confirming its unconditional waiver of the full credit balance due from Mayar Holding Company as of 25 June 2026, amounting to SAR 67,592,256 (Sixty-Seven Million Five Hundred Ninety-Two Thousand Two Hundred Fifty-Six Saudi Riyals), in support of the Company’s operating activities and liquidity, and to strengthen its financial position. The Company expects that this waiver will have a positive impact on its financial position, and this effect will be reflected in the Company’s interim financial statements for the first half of 2026.

Element List

Explanation

Announcement Detail

Mayar Holding Company announces that it has received a letter from the major shareholder, Taya Holding Company, which owns 83.14% of the Company’s shares, confirming its unconditional waiver of the full credit balance due from Mayar Holding Company as of 25 June 2026, amounting to SAR 67,592,256 (Sixty-Seven Million Five Hundred Ninety-Two Thousand Two Hundred Fifty-Six Saudi Riyals), in support of the Company’s operating activities and liquidity, and to strengthen its financial position.

The Company expects that this waiver will have a positive impact on its financial position, and this effect will be reflected in the Company’s interim financial statements for the first half of 2026.