The Company Started its activities by establishing the "Gulf Elevators and Escalators Company Ltd." in 1999 by establishing a factory for the manufacture of Elevators and Escalators in the Industrial City of Jeddah - Kingdom of Saudi Arabia. Thanks to God, and as a result of the expansion of the company’s activities in most cities within the Kingdom and in neighboring countries, Mayar Holding Company was established - as a closed Saudi joint stock company - registered in the city of Riyadh on December 23, 2013, and then several companies were established under it to distribute the company’s activities to keep pace with the growth in each activity The Company has continued to grow over the past 20 years by establishing several companies and entering into strategic partnerships, in addition to acquiring a number of other companies in several industrial sectors.