Raydan Food Co (6012)

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News

1 October 11:00 PM Raydan Food amends capital reduction plan to offset SAR 58.5m in losses

Riyadh — Mubasher: Raydan Food Company announced that its board of directors has amended a previous recommendation to restructure the company’s capital. Under the revised proposal, the company will reduce its capital by 80% from SAR 73.14 million …

Management Decisions

24 August 04:23 PM Raydan Food announces resignation of Audit Committee member

Riyadh — Mubasher: The board of Raydan Food Company approved the resignation of audit committee member Imad Zain Al Abidin Al Harbi, according to a bourse filing. The resignation of Al Harbi was submitted on 17 August 2026, citing personal …

Board of Directors

19 August 01:09 PM Raydan Food corrects H1-26 financial results

Riyadh – Mubasher: Raydan Food Company issued a corrective statement today regarding its preliminary financial results for the first half (H1) of 2026. The company revised its quarterly revenue to SAR 3.48 million, representing a decrease of …

Financial Results

17 August 08:47 AM Raydan Food’s revenues shrink in H1-26; accumulated losses hit 107% of capital

Riyadh – Mubasher: Raydan Food Company announced its interim financial results for the six-month period that ended on 30 June 2026, reporting a net loss of SAR 22.33 million, an annual jump of 21.43% from SAR 18.39 million. The company’s revenue …

Company News

1 July 11:32 AM Raydan Food’s shareholders vote against financial rewards

Riyadh – Mubasher: Raydan Food Company announced the results of its Ordinary General Meeting (OGM), held on 30 June 2026, where shareholders notably voted against the disbursement of board member remunerations for two separate periods. Despite the …

Board of Directors

3 June 03:11 PM Raydan Food officials to face class action filed by investor – CMA

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has announced that the Committee for Resolution of Securities Disputes (CRSD) accepted a request to register a class action lawsuit against several officials in Raydan Food Company, …

Law

1 June 04:46 PM Raydan Food announces resignation of Siddiqui

Riyadh - Mubasher: Raydan Food Company has announced the resignation of Adel Shamsuddin Siddiqui from his position as the Chairman and Member of the company’s Audit Committee, effective 1 June 2026. Siddiqui submitted his resignation on 31 May …

Board of Directors

25 May 12:03 PM Raydan Food reveals details about capital restructuring plan

Riyadh – Mubasher: Raydan Food Company unveiled details about the board of directors' recommendation to reduce the firm's capital which will be followed by an increase in capital through a rights issue offering, according to a bourse disclosure. …

Company News

4 February 2025 07:28 PM Raydan Food liquidates Egypt unit to avoid currency exchange losses

Riyadh – Mubasher: Raydan Food Company commenced the liquidation procedures for its subsidiary in Egypt to avoid currency exchange losses, according to a bourse filing. Raydan Egypt, a fully-owned subsidiary with a capital of EGP 50,000, will …

Companies Investments

13 June 2024 02:32 PM Raydan Food unveils changes in board

Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …

Corporate Actions

9 October 2022 04:29 PM Raydan Food’s EGM approves capital reduction to SAR 158m

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Raydan Food Company granted its approval for a 53.16% capital cut to SAR 158.08 million from SAR 337.50 million. The capital decrease will be carried out by cancelling 17.94 million …

Management Decisions

23 September 2022 00:19 AM CMA nods to Raydan Food’s 53% capital cut

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Raydan Food Company to reduce its capital by nearly SAR 179.42 million to SAR 158.08 million from SAR 337.50 million. The new capital will be distributed over 15.80 …

Corporate Actions

11 September 2022 09:59 AM Raydan Food closes Jeddah branch

Riyadh - Mubasher: Raydan Food Company has closed its Jeddah - Kilo 14 branch, as per the decisions made by competent authorities to remove some neighborhoods that fall within its scope. Sales of the closed branch account for 5.50% of the …

Management Decisions

29 August 2022 11:49 PM Raydan Food’s board mulls 53% capital cut

Riyadh - Mubasher: The board of Raydan Food Company has suggested to reduce the capital by 53.16% to SAR 158.08 million from SAR 337.50 million. The Saudi listed firm would cancel 17.94 million shares, equivalent to 1.06 shares for every two …

Management Decisions

28 August 2022 05:58 PM Raydan Food’s accumulated losses near SAR 179.5m in H1-22

Riyadh - Mubasher: Raydan Food Company has registered accumulated losses worth SAR 179.41 million at the end of the first half (H1) of 2022, accounting for 53.16% of the SAR 337.50 capital. During the January-June 2022 period, the Saudi listed …

Financial Results

25 May 2022 04:35 PM Raydan Food’s accumulated losses hit 48% of capital

Riyadh - Mubasher: The accumulated losses of Raydan Food Company have reached SAR 162.21 million in the first quarter (Q1) of 2022, accounting for 48.06% of the SAR 337.50 million capital. The Saudi listed firm incurred net losses after Zakat and …

Financial Results

26 April 2022 10:21 AM Raydan Food appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Raydan Food Company announced the appointment of Omar Rabeh Sater Alselami as the new Chairman of the board for the coming three years. The company also named Nair Bayan Muhji Alsulami to be the Vice Chairman of the board for …

Corporate Actions

25 April 2022 05:49 PM Raydan Food’s CEO resigns; Al Sulami succeeds

Riyadh – Mubasher: Raydan Food Company has announced the resignation of Fawzan Abdullah Al Harthy from his position as the CEO of the company, effective from 30 April this year. Mansour Nasser Awadallah Al Sulami will replace Al Harthy, who …

Management Decisions

28 November 2021 10:47 AM Raydan Food incurs lower accumulated losses

Riyadh - Mubasher: The accumulated losses of Raydan Food Company have declined to SAR 109.235 million as of 30 September 2021, accounting for 32.37% of the share capital worth SAR 337.5 million. Lower accumulated losses are driven by higher share …

Financial Results

30 September 2021 11:13 AM Raydan inks commercial franchise deal with Egypt's Al-Raya Restaurants

Riyadh – Mubasher: Raydan Foods Company has signed a commercial franchise contract with Al-Raya Company for Restaurants Ltd in Egypt. The contract includes granting the right to a commercial franchise in Egypt and converting the branches of the …

Companies Investments

22 August 2021 03:44 PM Raydan Food logs SAR 81m accumulated losses

Riyadh - Mubasher: Raydan Food Company has incurred accumulated losses of SAR 81.178 million as of 30 June 2021, accounting for 36.08% of the company's capital. These losses are mainly driven by the SAR 68.159 million accumulated losses as of 31 …

Financial Results

14 July 2021 02:09 PM Raydan discloses shares trading, subscription period; fluctuation limit announced

Riyadh – Mubasher: Raydan Foods Company announced that the beginning of the rights issue trading and new shares subscription period will be on 9 August, according to a bourse filing on Wednesday. The end date for the rights issue period will be on …

Corporate Actions

14 July 2021 01:43 PM Raydan’s shareholders approve capital hike through rights issue

Riyadh – Mubasher: The shareholders of Raydan Foods Company gave the green light for the board’s recommendation to increase the capital through a rights issue of 11.25 million ordinary shares at a par value of SAR 10 each. The value of the …

Corporate Actions

15 June 2021 10:51 AM Raydan inks $30,000 deal with Egypt’s Golden Star

Riyadh – Mubasher: Raydan Food Company has signed a franchise agreement with Egypt-based Golden Star Est for Ready Meals at a value of $30,000. The contract has been registered under the trademark Raydan for 6% of total sales besides the franchise …

Companies Investments

23 May 2021 10:31 AM Raydan’s Q1 losses deepen 33%

Riyadh- Mubasher: Raydan Food Company incurred net losses after Zakat and tax worth SAR 8.87 million during the first quarter (Q1) of 2021, higher by 33% compared to SAR 6.66 million in Q1-20. Loss per share stood at SAR 0.39 in Q1-21, compared …

Financial Results