Mayar accumulated loss reaches 76.2% of capital

Logo of Mayar Holding Co.

Mayar Holding Co. reported accumulated losses of SAR 45.7 million, representing 76.20% of capital, as of Dec. 31, 2025.

The last date for the board of directors to invite the extraordinary general meeting (EGM) to consider the company to continue as a going concern is June 22, 2026, according to a Tadawul statement.

In January, Mayar announced that its accumulated losses reached SAR 41.53 million, or 69.2% of the SAR 60 million capital, as per its unaudited financials for 2025.

In March, the board of directors recommended to the EGM to approve the company’s continuation through amortizing part of its accumulated losses based on the unconditional waiver submitted by major shareholder Taya Holding Co., of the payable balances due from Mayar as of March 11, 2026, amounting to SAR 16.8 million, according to Argaam data.

Excluding the amount waived by Taya, the total accumulated losses will reach SAR 24.7 million, or 41.2% of capital.