premargin

Mayar Holding's Board of Directors recommends the company continue operations despite accumulated losses reaching 69.20% of its capital.
Major shareholder Taya Holding Company has agreed to an unconditional waiver of SAR 16.8 million in payable balances to partially extinguish the accumulated losses.
The recommendation for continuation will be submitted for a vote at an upcoming Extraordinary General Assembly, following the completion of regulatory requirements.

Element List	Explanation
Introduction	With reference to Mayar Holding Company’s announcement dated 15 January 2026 regarding the internal annual financial results and the announcement that its accumulated losses have reached (69.20%) of its capital, and with reference to Article (132) of the Companies Law, and in compliance with Article (5) of the Procedures and Instructions Applicable to Companies Listed on the Saudi Exchange whose Accumulated Losses Reach 20% or More of Their Capital, specifically relating to accumulated losses reaching 50% or more of the Company’s capital, the Company would like to announce the recommendations reached by the Board of Directors regarding the accumulated losses.
Previous Announcement	Mayar Holding Co. Announces its accumulated loses reaching 69.2 % of its capital
Date of Previous Announcement on Saudi Exchange’s Website	2026-01-15 Corresponding to 1447-07-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Company announces the recommendations reached by the Board of Directors regarding the accumulated losses, as follows: Recommending to the Extraordinary General Assembly to approve the continuation of the Company through extinguishing part of the accumulated losses based on the unconditional waiver submitted by the major shareholder, Taya Holding Company, of the payable balances due from Mayar Holding Company as of 11 March 2026, amounting to SAR 16,800,000 (sixteen million eight hundred thousand Saudi Riyals). The Company will take the necessary actions to present the recommendation related to the continuation of the Company to the upcoming Extraordinary General Assembly for voting, in accordance with the above. The Company would also like to note that it will complete the regulatory requirements for convening the Extraordinary General Assembly and will announce this after obtaining the necessary approvals. The Company will also announce any further developments in this regard in due course.
Reasons For The Delay on The Date of The Event Previously Announced	Not Applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not Applicable
Delay consequences on the Company’s financial results	Not Applicable
Additional Information	The company will announce any future developments in this regard in due course.

Element List

Explanation

Introduction

With reference to Mayar Holding Company’s announcement dated 15 January 2026 regarding the internal annual financial results and the announcement that its accumulated losses have reached (69.20%) of its capital, and with reference to Article (132) of the Companies Law, and in compliance with Article (5) of the Procedures and Instructions Applicable to Companies Listed on the Saudi Exchange whose Accumulated Losses Reach 20% or More of Their Capital, specifically relating to accumulated losses reaching 50% or more of the Company’s capital, the Company would like to announce the recommendations reached by the Board of Directors regarding the accumulated losses.

Previous Announcement

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

Date of Previous Announcement on Saudi Exchange’s Website

2026-01-15 Corresponding to 1447-07-26

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

The Company announces the recommendations reached by the Board of Directors regarding the accumulated losses, as follows:

Recommending to the Extraordinary General Assembly to approve the continuation of the Company through extinguishing part of the accumulated losses based on the unconditional waiver submitted by the major shareholder, Taya Holding Company, of the payable balances due from Mayar Holding Company as of 11 March 2026, amounting to SAR 16,800,000 (sixteen million eight hundred thousand Saudi Riyals).

The Company will take the necessary actions to present the recommendation related to the continuation of the Company to the upcoming Extraordinary General Assembly for voting, in accordance with the above.

The Company would also like to note that it will complete the regulatory requirements for convening the Extraordinary General Assembly and will announce this after obtaining the necessary approvals.

The Company will also announce any further developments in this regard in due course.

Reasons For The Delay on The Date of The Event Previously Announced

Not Applicable

The costs associated with the event, and if they have changed or not with indication of the reasons.

Not Applicable

Delay consequences on the Company’s financial results

Not Applicable

Additional Information

The company will announce any future developments in this regard in due course.

Mayar Holding Company Announces the Latest Developments Regarding the Company’s Announcement of Its Accumulated Losses Exceeding 50% of Its Capital and the Recommendations Reached by the Board of Directors Regarding the Accumulated Losses.