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Mayar's Ziorak Postpones Plans to List on Tadawul's Parallel Market

MT Newswires·11/05/2026 04:59:00
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04:59 AM EST, 11/05/2026 (MT Newswires) -- Mayar Holding Co. (SASE:9568) unit Ziorak decided to postpone its plans to raise its share capital and list on Saudi Arabia's Nomu parallel market. The Saudi elevators and escalators manufacturer's subsidiary delayed the planned submission of an application for the capital increase due to geopolitical and economic challenges, according to a Thursday release. The unit appointed a financial adviser for the offering of shares representing 30% of its post-increase capital and the listing in May.