Raydan says Albilad Capital no longer financial advisor on capital hike

Raydan said Albilad Capital is no longer its financial advisor on capital hike

Raydan Food Co. said Albilad Capital will no longer continue in its role as financial adviser, lead manager, and underwriter for the company’s capital increase process.

In a statement to Tadawul, the company said it will disclose any material developments in this regard, including the appointment of a new financial advisor or underwriter, once the related procedures are completed.

In May 2025, Raydan’s board recommended a 53.74% capital cut to SAR 73.14 million from SAR 158.08 million to offset accumulated losses. The board also proposed a subsequent increase in capital via a SAR 155 million rights issue, according to Argaam data.