"Mayar Holding" appoints "Amwal Financial" as a financial advisor to list the company's shares in the parallel market "Nomu"
Mayar Holding Company, a closed joint stock company headquartered in Riyadh, announced the appointment of Amwal Financial Company as a financial advisor to qualify the company and list its shares in the parallel market “Nomu”.
Mayar Holding Company began its industrial activity in 1999 by establishing a factory to produce elevators and escalators in the Kingdom of Saudi Arabia and expanded this activity by establishing several companies working in the field of manufacturing, selling and maintaining elevators and escalators within the Kingdom. African.
The company invested in the plastic industries sector by acquiring two factories in the Kingdom and Egypt to produce semi-finished plastic products and final plastic products. The company also invested in the animal feed sector by acquiring a factory to produce animal feed, in addition to establishing a company for the distribution and sale of poultry and food products.
The company said in its statement that its strategy is to expand in the industrial sector by establishing industrial companies or acquiring leading companies in the industrial field within the Kingdom and neighboring countries.
She explained that the targeted listing will be subject to obtaining regulatory approvals from the Capital Market Authority and the Saudi Tadawul Company.
For his part, Eng. Abdulmajed A. AlShaik, CEO of Mayar Holding Company, said that this step is of great importance to the company, which aspires to be one of the leading companies in the field of industrial investment in the region, especially after the success of the private offering that took place at the beginning of 2022 AD to raise The company's capital is from 5 million riyals to 60 million riyals, as its listing in the financial market will support its expansion plans in the coming period.
For his part, Mr. Mahmoud El-Sayed, CEO of Amwal Financial, praised the signing of the agreement and the step taken by “Mayar Holding” to list their names in the parallel market “Nomu” after obtaining the necessary regulatory requirements, as this reflects the company’s desire to develop its business and its internal operating systems, which qualifies it to enter a new stage of growth and development in order to achieve the goals and aspirations of its shareholders and its executive management.