The Company Started its activities by establishing the "Gulf Elevators and Escalators Company Ltd." in 1999 by establishing a factory for the manufacture of Elevators and Escalators in the Industrial City of Jeddah - Kingdom of Saudi Arabia. Thanks to God, and as a result of the expansion of the company’s activities in most cities within the Kingdom and in neighboring countries, Mayar Holding Company was established - as a closed Saudi joint stock company - registered in the city of Riyadh on December 23, 2013, and then several companies were established under it to distribute the company’s activities to keep pace with the growth in each activity The Company has continued to grow over the past 20 years by establishing several companies and entering into strategic partnerships, in addition to acquiring a number of other companies in several industrial sectors.
Constant work on developing its business and products to satisfy customers, as well as entering several industrial investments, acquiring the largest market share in several areas, and raising the quality of its products and after-sales services.
Because we are proud of our social values and our national identity, our administration pays great attention to its humanitarian and developmental duty towards society and the nation. Accordingly, the Board of Directors, represented by the Executive Management, sets annual and periodic plans to discuss ways to support the national bodies and authorities aiming morally and materially to contribute effectively to the development of society and the country in general to achieve the Kingdom’s vision 2030
Mayar Holding Company to become one of the leading companies in the field of industrial investment in several industrial sectors in the Middle East and North Africa, by establishing industrial companies or acquiring existing industrial companies that provide high quality products and services that exceed the expectations of their customers to build a long-term relationship with them.