Mayar Holding subsidiary increases stake in Commercial Development Food Company to 80.9%

Mayar Holding Company announced that its subsidiary, Jadaya Agricultural Company, has increased its stake in the Commercial Development Food Company from (56.50%) to (80.9%) by increasing the company’s capital.

Note that Jadaya Agricultural Company is a limited liability company affiliated with Mayar Holding Company and is owned by (99.30%), and the Growing Foods Commercial Company is a closed joint stock company.

This resulted in an increase in the indirect ownership stake of Mayar Holding Company in the Commercial Grocery Food Company from (56.1%) to (80.33%). This increase in capital was financed from the company’s internal resources.

The company expects that the financial impact of this will be positive in the long term, and it is expected that the financial impact on the financial results of Mayar Holding Company will begin as of the first quarter of fiscal year 2024.