‎Mayar EGM to vote on offsetting losses, business continuity on May 14

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Mayar Holding Co. (Tadawul: NOMU) will hold an extraordinary general meeting (EGM) on May 14 to consider a proposal to offset accumulated losses through a debt waiver from major shareholder Taya Holding Co. According to the company’s statement, Taya has offered to waive SAR 16.8 million in payable balances due by May 11, 2026, reducing Mayar’s losses from SAR 45.7 million (76.2% of capital) to SAR 28.9 million (48.2% of capital). This move aims to secure the company’s continuation amid significant financial challenges.

The EGM outcome could impact Mayar’s stock price and investor confidence in the Saudi equity market. If approved, the debt waiver may stabilize the company’s capital structure temporarily, but long-term viability remains uncertain. Traders should monitor the EGM results and subsequent financial disclosures for potential volatility in NOMU shares.

For Gulf investors, this development highlights risks in leveraged companies and the importance of corporate governance. Key watchpoints include Taya’s commitment to further support, Mayar’s operational performance, and regulatory responses to capital erosion exceeding 50% of equity.