Mayar Holding Company: Industrial Excellence Rooted in Saudi Vision

Mayar Holding plays a dynamic role in the industrial sector and is firmly rooted in the Kingdom of Saudi Arabia. The company began its journey in 1999 by launching Gulf Elevators and Escalators Company Limited. This became the first factory in the Middle East to manufacture elevators and escalators, based in the industrial city of Jeddah. This pioneering step marked the start of an impressive legacy.

As the company grew, it expanded operations into major cities across the Kingdom, the GCC, and nearby countries. In response to this growth, Mayar Holding was officially established in 2013. It became a closed Saudi joint stock company with its headquarters in Riyadh. With a paid capital of SAR 60 million, the company now manages a diversified industrial portfolio with sharp strategic focus.

Diverse Industrial Presence

Mayar Holding has built and acquired multiple subsidiaries to solidify its presence across several industrial sectors. These include elevators and escalators, plastic manufacturing, and electrical appliances. Notable subsidiaries such as Gulf Elevators & Escalator Co. and NewPlast Co. reinforce the group’s commitment to quality and innovation.

Strategic Growth & Partnerships

In recent years, Mayar Holding has actively signed strategic agreements to localize high-demand products and services. For example, it partnered with Avant Sports to produce FIFA-compliant stadium seating within Saudi Arabia. This move not only supports Vision 2030 but also strengthens the company’s commitment to boosting local content.

Vision and Mission

Mayar Holding aims to lead industrial investment across the Middle East and North Africa. To achieve this, the company actively expands its investments and improves its operational capabilities. Furthermore, it strives to exceed customer expectations in every sector it serves.

Core Values and National Alignment

The company operates with a strong sense of national identity and social responsibility. Through ongoing community initiatives and collaboration with national organizations, Mayar Holding actively contributes to Saudi Arabia’s economic development goals.

What Sets Us Apart?

The company builds on a legacy of innovation and a solid financial foundation. With a strong focus on sustainable growth, it provides reliable solutions and strategic foresight. Furthermore, its deep local expertise ensures consistent value. For clients, contractors, and institutional partners, Mayar Holding stands as a dependable and forward-thinking industrial partner.

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