On August 11, 2026, Raydan Food Co. announced that its accumulated losses have reached 107% of its capital, amounting to SR 78,320,546, based on quarterly financial results ending June 30, 2026. The losses were primarily driven by a decline in sales, the absence of Hajj contracts during the current year, impairment loss on property and equipment, and the closure of eight branches including Al-Waziriyah, Al-Sanabel, Al-Haramain, Al-Samer, Al-Shara'i, Al-Tayseer, Al-Zaidi, and Al-Madinah 2. The Board of Directors was notified of the accumulated losses on August 10, 2026, and must publish an EGM invitation to consider the company's continuation no later than September 27, 2026. To address the situation, the company plans to diversify products at existing branches, restructure operations to reduce costs, focus on long-term catering agreements, and complete procedures for a capital reduction followed by a subsequent capital increase.

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