Raydan Food Co. — Proxy Solicitation & Information Statement 2025

Oct 9, 2025

The Board of Directors of Raydan Food Company invites its shareholders to attend the Extraordinary General Assembly meeting (First Meeting), which includes the reduction of the company's capital, via modern technological means.

6012 · 09/10/2025 08:46:32 · Announcement #90609 · View on Saudi Exchange

The Board of Directors of Raydan Food Company invites its shareholders to attend the Extraordinary General Assembly meeting (First Meeting), which includes the reduction of the company's capital, via modern technological means.

Element List	Explanation
Introduction	he Board of Directors of Raydan Food Company is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly meeting (First Meeting), which includes the reduction of the company's capital. The meeting is scheduled to be held at 7:00 PM on Sunday, 11-05-1447 AH (corresponding to 02-11-2025 AD), via modern technological means using the Tadawulaty platform.
City and Location of the Extraordinary General Assembly's Meeting	The company's headquarters is located in Jeddah – Al Safa District – Abdullah Al-Sharbatly Street, via modern technology means.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-11-02 Corresponding to 1447-05-11
Time of the General Assembly’s Meeting	19:00
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Each shareholder registered in the Company's shareholder register at the Depository Center by the end of the trading session preceding the General Assembly Meeting has the right to attend the meeting in accordance with the applicable rules and regulations.

The eligibility to register attendance for the General Assembly Meeting ends at the start of the meeting. The eligibility to vote on the agenda items for attendees ends once the Counting Committee concludes the vote count. Quorum for Convening the General Assembly's Meeting In accordance with Article 34 of the Company’s Bylaws, the Extraordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half of the shares with voting rights. If the quorum required for the first meeting is not met, a second meeting shall be held one hour after the end of the period scheduled for the first meeting. The second meeting shall be valid if attended by shareholders representing at least one quarter of the shares with voting rights. Meeting Agenda 1- Voting on the Board of Directors’ recommendation to reduce the company’s capital as follows:

- Capital before reduction: SAR 158,084,670

- Capital after reduction: SAR 73,136,030

- Reduction percentage: 53.736%

- Number of shares before reduction: 15,808,467 shares

- Number of shares after reduction: 7,313,603 shares

- Reason for the reduction: To restructure the company’s capital in order to offset accumulated losses.

- Method of capital reduction: Cancellation of 8,494,864 shares. 0.53736 shares will be canceled for each owned share.

- Effective date of the reduction: At the end of the second trading day following the Extraordinary General Assembly meeting in which the capital reduction is approved.

- Impact of the capital reduction on the company’s obligations: There is no impact on the company’s financial obligations as a result of the capital reduction.

- Amendment of Article (7) of the Company’s Bylaws related to capital. (Attached)

- Amendment of Article (8) of the Company’s Bylaws related to share subscription. (Attached) Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Esteemed shareholders have the right to discuss the items listed on the agenda of the Extraordinary General Assembly and to address questions to the members of the Board of Directors. Please note that voting through Tadawulaty services is available free of charge to all shareholders via the following link:

http://tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty services will be able to vote electronically on the agenda items starting from 1:00 AM on Wednesday, 29-10-2025G (corresponding to 07-05-1447H, according to the Umm Al-Qura calendar) until the end of the General Assembly meeting. Please note that registration in Tadawulaty is available free of charge to all shareholders by visiting the Tadawulaty website at: https://www.tadawulaty.com.sa Method of Communication in Case of Any Enquiries For any inquiries, please contact us via:

Direct phone: +966 12 6781177

Email: corporate.governance@raydan.com.sa Attached Documents     

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.