Mayar cuts losses by 70.8M riyals
Al Maayyar Holding Company announced that it has fully eliminated its accumulated losses, bringing them to zero Riyals by the end of June 2026, after receiving a financial boost of 70.8 million Riyals from the main shareholder, Taya Holding, through an unconditional debt waiver. The company has taken measures to improve its financial position by restructuring its debts and expanding its activities in the poultry and feed sectors, with plans to list Zurak Company in the Nomu Market. Despite successes in rescheduling debts and achieving growth in some sectors, the company still faces financial challenges and is exposed to risks related to the continuity of its operations.
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