-+ 0.00%
-+ 0.00%
-+ 0.00%
Mayar's Ziorak Postpones Plans to List on Tadawul's Parallel Market
Share
Listen to the news
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.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending