The Saudi Arabia Capital Markets Authority approved Raydan Food Company’s request to reduce its share capital from SAR 158,084,670 to SAR 73,136,030, cutting the number of shares from 15,808,467 to 7,313,603. The approval is conditional on the company obtaining Extraordinary General Assembly approval and completing the required procedures under the applicable regulations. Raydan Food Company must publish a disclosure document for shareholders explaining the proposed method of the capital reduction and its expected effects sufficiently in advance of the Extraordinary General Assembly meeting to enable voting. The CMA noted that its approval reflects satisfaction of regulatory requirements under the Capital Market Law and its Implementing Regulations and is not an endorsement of the feasibility of the capital decrease.
Saudi Arabia Capital Markets Authority 2025-09-18
Saudi Arabia Capital Markets Authority approves Raydan Food Company capital reduction subject to shareholder approval
The Saudi Arabia Capital Markets Authority approved Raydan Food Company's request to reduce its share capital from SAR 158,084,670 to SAR 73,136,030, subject to Extraordinary General Assembly approval and procedural compliance. Raydan must publish a disclosure document detailing the capital reduction method and effects before the meeting. The CMA's approval confirms regulatory compliance but not the feasibility of the capital decrease.