Raydan Food Co. Announces its accumulated loses reaching 48.95 % of its capital

Element List	Explanation
Introduction	Raydan Food Company announces that its accumulated losses have reached 48.95% of its capital, based on the annual financial results for the year ended December 31, 2024, which were disclosed on the Tadawul website on March 31, 2025.
Date of Realization of the Loss	2024-12-31 Corresponding to 1446-06-30
Amount of the Accumulated Losses	77,386,141 SAR
Percentage of the Accumulated Losses out of the Capital (%)	48.95 %
Major Reasons Leading to the Losses	1.Decrease in sales.

2.Decrease in revenues from contracts and franchises.

3.Increase selling and marketing expenses.

4.Impairment expense in the value of the right to use assets.

5.Impairment expense in the value of land.

6.Foreign currency valuation.

7.Losses from Impairment in Investment from investment in the associate.

8.The company's share of the associate's losses. Measures to be Taken by the Company in Regard to Such Losses 1. Restructuring the service and operational sectors.

2. Increasing branch sales by diversifying the products offered within restaurants and focusing on delivery services through a comprehensive marketing plan.

3. Emphasizing the catering sector and boosting revenue by signing strategic long-term agreements.

4. Reducing operational costs by consolidating warehouses, slaughterhouses, and the central kitchen.

5. Expanding geographically into currently uncovered areas through catering contracts, alongside opening branches to strengthen presence.

6. Restructuring franchise operations and expanding geographically, especially outside the Kingdom Application of the Procedures and Instructions Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be Applied Reference to additional procedures or instructions Any systems or instructions implemented in this regard will be followed appropriately upon their enforcement.

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.