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Ridan Seeks Capital Reset
On November 5, 2026, Ridan Food Company applied to the Capital Market Authority to reduce its share capital from SAR 158.08 million to SAR 73.14 million and to increase it through a SAR 105 million rights issue. The plan aims to restructure the company’s capital, strengthen its financial position, and provide liquidity to fund its operational and future needs. The capital increase remains conditional on approval of the reduction first, completion of regulatory requirements, and obtaining approval from the relevant authorities and the Extraordinary General Assembly.
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