A Raydan Food branch
Raydan Food Co. set Nov. 2, as the date for its extraordinary general meeting (EGM) to vote on reducing its capital from SAR 158.08 million to SAR 73.14 million, representing a 53.74% decrease, to restructure its capital and offset accumulated losses, according to the table below: 
Capital Cut Details
Current Capital
SAR 158.08 mln
Number of Shares
15.81 mln
New Capital
SAR 73.14 mln
New Number of Shares
7.31 mln
Percentage of Decrease
53.74%
Reason
To restructure capital and offset accumulated losses
Date of Capital Reduction
By the close of the second trading day following the extraordinary general meeting (EGM)that will decide on the capital cut
Method
Writing off 8.5 mln shares at 0.53736 shares for every share held
The company stated in a statement on Tadawul that capital reduction will have no impact on its financial liabilities.
According to Argaam data, Raydan’s board of directors recommended in May 2025 to reduce the company’s capital by 53.74% to offset accumulated losses.
The company also plans to raise its capital afterward through a rights issue worth SAR 155 million to finance expansion plans, support working capital, and strengthen its financial position.
A Raydan Food branch
Raydan Food Co. set Nov. 2, as the date for its extraordinary general meeting (EGM) to vote on reducing its capital from SAR 158.08 million to SAR 73.14 million, representing a 53.74% decrease, to restructure its capital and offset accumulated losses, according to the table below:
Capital Cut Details
Current Capital
SAR 158.08 mln
Number of Shares
15.81 mln
New Capital
SAR 73.14 mln
New Number of Shares
7.31 mln
Percentage of Decrease
53.74%
Reason
To restructure capital and offset accumulated losses
Date of Capital Reduction
By the close of the second trading day following the extraordinary general meeting (EGM)that will decide on the capital cut
Method
Writing off 8.5 mln shares at 0.53736 shares for every share held
The company stated in a statement on Tadawul that capital reduction will have no impact on its financial liabilities.
According to Argaam data, Raydan’s board of directors recommended in May 2025 to reduce the company’s capital by 53.74% to offset accumulated losses.
The company also plans to raise its capital afterward through a rights issue worth SAR 155 million to finance expansion plans, support working capital, and strengthen its financial position.
