On August 6, 2026, Mayar Holding Company announced that the Capital Market Authority (CMA) Board of Commissioners, pursuant to its resolution dated August 3, 2026, has resolved not to approve the Company's application for the registration and public offering of debt instruments. This decision pertains to the Company's previously announced SAR-denominated Convertible Sukuk Program with a total size of SAR 500 million, intended to be issued in multiple tranches over a 24-month period. The Company had originally announced its intention to establish the program on May 30, 2024, received Extraordinary General Assembly approval on July 3, 2024, and submitted its application to the CMA on September 7, 2024, before receiving the rejection decision on August 5, 2026.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.