Mayar Holding Co. Announces the Decrease of its Accumulated Losses to 0 % of the Capital
| Element List | Explanation |
|---|---|
| Introduction | With Referring to the announcement of Mayar Holding Company (“the Company”) dated 27/09/1446H corresponding to 27-03-2025G regarding the annual financial results for the year ended 31/12/2024, The Company would like to announce that the accumulated losses have decreased from 15.46%, amounting to SAR (9.28) million as of 30/06/2024, to retained earnings amounting to SAR (1.18) million as of 31/12/2024. |
| Date of accumulated losses decrease | 2024-12-31 Corresponding to 1446-06-30 |
| Amount of the Accumulated Losses | The accumulated losses currently amount to SAR 0, representing 0% of the share capital. |
| Percentage of the Accumulated Losses out of the Capital (%) | 0 % |
| Measures Taken by the Company to Decrease Accumulated Losses | 1. The decrease in accumulated losses is primarily due to the improvement in the Company’s operational and financial performance during the current fiscal year.
2. The executive management, under the guidance of the Board of Directors, is working to enhance operational efficiency and optimize costs to increase profitability. 3. A net profit of SAR (9.96) million was achieved during the second half of 2024, representing 16.6% of the Capital. |
| The external auditor’s report clarifying the financial position of the company |  |
| Attached Documents | |
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