Mayar Holding Company announces the start of commercial production of Rasa Food Industries Company (which is one of its subsidiaries)

MAYARTadawulJuly 16, 2026View on exchange

AI Summary

Rasa Food Industries Co., a 97.5% owned subsidiary of Mayar Holding Company, has commenced commercial production after receiving all necessary regulatory approvals.
The facility has a total production capacity of approximately 1,000 tons per month, producing frozen and fresh shawarma, chicken tenders, and other products under the "Grillio" brand.
The company anticipates that this move will positively impact its financial results starting in the second half of 2026.

Element List	Explanation
Announcement Detail	Mayar Holding Company announces that its subsidiary, Rasa Food Industries Co. (one of its subsidiaries, 97.5% owned), has begun commercial production after obtaining all required regulatory approvals. Rasa Food Industries Co. will produce frozen shawarma skewers, fresh shawarma, chicken tenders with a total production capacity of up to approximately 1000 tons per month and in addition of other products under its "Grillio" brand. The company expects commercial production to have a positive impact on its financial results in the second half of 2026. .

Element List

Explanation

Announcement Detail

Mayar Holding Company announces that its subsidiary, Rasa Food Industries Co. (one of its subsidiaries, 97.5% owned), has begun commercial production after obtaining all required regulatory approvals.

Rasa Food Industries Co. will produce frozen shawarma skewers, fresh shawarma, chicken tenders with a total production capacity of up to approximately 1000 tons per month and in addition of other products under its "Grillio" brand.

The company expects commercial production to have a positive impact on its financial results in the second half of 2026.