Mayar receives major shareholder debt waiver of SAR 67.59M

Mayar Holding Co. received an unconditional waiver of SAR 67.59 million in debt from its majority shareholder, Taya Holding Co., the company said in a regulatory filing. Taya, which holds an 83.14% stake, confirmed the waiver in a letter. Mayar expects the move to have a positive impact on its first-half 2026 financial results.

Debt waivers from controlling shareholders reduce a company's liabilities and increase equity, depending on the accounting treatment. The SAR 67.59 million figure is large relative to Mayar's market capitalization. Mayar did not disclose what portion of total debt this represents, nor the original terms of the obligation.

Taya's decision to forgive the debt, rather than restructure or demand repayment, removes a potential cash outflow from the balance sheet. It also signals confidence from the majority owner in the company's prospects.

Debt forgiveness from a shareholder is typically treated as a capital contribution, increasing share premium and equity. This treatment avoids a taxable gain for the waivee. Mayar did not confirm the exact accounting treatment in its filing. Investors will need to review the H1 2026 notes for the classification.