Widam Food to restructure capital, cut losses through QR130 mn reduction

Widam Food Company plans to undergo a major capital restructuring, reducing its existing capital by QR130 million and subsequently increasing it by QR30 million, according to the Qatar Stock Exchange (QSE). The restructuring will enhance the company's financial position and improve its balance sheet. Trading in Widam's shares will resume on November 1, 2026, following the completion of the restructuring on October 29, 2026.

Widam's capital will be cut from QR180 million to QR50 million, with 130 million shares being cancelled. This reduction represents 72.2 percent of the company's existing capital and will help cover part of its accumulated losses. The remaining QR30 million will be raised by converting bonds into equity shares for the benefit of Hassad Food Company, an existing shareholder.

Widam's capital structure will then consist of 80 million shares, each with a nominal value of QR1. The restructuring was approved by Widam's Extraordinary General Assembly on June 8, 2026, and received consent from the Ministry of Commerce and Industry and the Qatar Financial Markets Authority.