- Business
- Raydan Food Company (6012.SR), a Saudi joint stock company headquartered in Jeddah's Al-Safa District, operates and franchises restaurants specializing in traditional Saudi and Arab meals, banquets, and related food services across the Kingdom of Saudi Arabia. Founded in 2008 through the incorporation of earlier establishments dating back to 1989, the company conducts business via its Traditional Meals, Catering Services, and Other segments, offering cooked and uncooked catering for events, parties, institutions, companies, and government bodies including Hajj and Umrah; wholesale and retail trade in sweets, nuts, pastries, biscuits, dates, ice cream, and juices; management and operation of multifunctional restaurants and pastry shops; franchise rights granting; real estate investments and warehouse ownership; livestock import and trade; and integrated general contracting, maintenance, and hygiene services. It maintains approximately 12 branches primarily in the western region, a dedicated fleet for catering and delivery, and a centralized external orders facility to serve diverse customers from individuals to corporate and public sector clients.
In recent developments, Raydan Food Company underwent a significant capital increase via rights issue in 2021, raising its share capital to SAR 337.5 million to fund expansions such as new branches, factory and service centers, project completions in Al-Zaydi and Al-Madinah, university branches, brand identity updates, loan repayments, and working capital enhancement. The company executed a stock split with a cumulative effect of 1:3.48 as of November 2025, adjusting its share structure amid ongoing trading on the Saudi Stock Exchange's main market since 2019. It also initiated liquidation of its Egypt subsidiary to mitigate currency exchange losses, while reporting a widened net loss of SAR 73.1 million for 2024 versus SAR 30.8 million in 2023, reflecting operational challenges in the competitive Saudi restaurant and catering sector.