On May 21, 2026, Raydan Food Co. announced its Board of Directors' revised recommendation to reduce the company's capital by 70% from SAR 73,136,030 to SAR 21,940,809 by decreasing the par value per share from SAR 10 to SAR 3, aimed at writing off accumulated losses of SAR 51,195,221. Following the capital reduction, the company plans to increase its capital through a rights issue offering valued at SAR 105,000,000 to fund expansion plans, support working capital, and strengthen its financial position. The company has appointed Al Wasatah Al Maliah Company (WASATAH CAPITAL) as financial advisor for both the capital reduction and rights offering. Both transactions are subject to approval by the relevant regulatory authorities and the Extraordinary General Meeting.

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