Urban Company’s Saudi ops move to Yammak following the closure of its subsidiary

India-based home services platform Urban Company has wound down its Saudi Arabia step-down subsidiary after the Kingdom’s Commerce Ministry canceled its commercial registration, according to a stock exchange filing (pdf). The company said the dissolution process was voluntary and was first disclosed in November 2025.

Urban Company will continue its presence in KSA through its joint venture with Saudi Manpower Solutions Company, running the Yammak platform. The shift keeps the company in the market while moving the operating structure away from a wholly owned subsidiary model. “Yammak has been scaling well with a clear path to profitability, and we remain very excited by the progress so far,” CEO Abhiraj Singh Bhal said on X.