{
  "id": 16064032,
  "title": "QSE announces Widam Food capital restructuring date",
  "url": "https://urgent.news/2026/10/22/qse-announces-widam-food-capital-restructuring-date",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T15:27:52.000Z",
  "source": {
    "name": "The Peninsula Qatar Business",
    "slug": "the-peninsula-qatar-business",
    "url": "https://thepeninsulaqatar.com/article/22/10/2026/qse-announces-widam-food-capital-restructuring-date"
  },
  "original_language": "en",
  "account": "The Qatar Stock Exchange (QSE) has announced that the capital restructuring of Widam Food Company will commence on Thursday, October 29, 2026, at the close of trading. The new capital structure will go into effect on Sunday, November 1, 2026, with trading of the company's shares under the revised terms.\n\nWidam Food Company has outlined a two-phase restructuring plan. The first phase involves reducing the company's capital from QAR 180 million to QAR 50 million, which will be divided into 50 million shares. This reduction is achieved by canceling 130,000,000 shares, equivalent to QAR 130 million (72.2 percent of the total capital).\n\nThe second phase of the restructuring sees an increase in the company's capital, facilitated by the conversion of bonds worth QAR 30 million into shares. These newly issued shares will be allocated to the existing shareholder, Hassad Food Company. As a result of this capital increase, Widam's total capital will rise to QAR 80 million, with the shares now valued at QAR 1 each, totaling 80,000,000 shares.\n\nHassad Food Company, a prominent Qatari entity owned by the Qatar Investment Authority, is a current shareholder in Widam Food. The company's decision to undergo this restructuring process was approved by Widam's Extraordinary General Assembly on June 8, 2026. The measures have been approved by the Ministry of Commerce and Industry, cleared for non-objection by the Qatar Financial Markets Authority, and coordinated with the relevant authorities.\n\nWidam Food Company's restructuring aims to bolster the company's financial standing by mitigating accumulated losses and diminishing liabilities. Furthermore, the move positions the company with a robust financial foundation to pursue its strategic objectives effectively.",
  "summary": "<p>Doha: The Qatar Stock Exchange (QSE) announced that the capital restructuring of Widam Food Company will be implemented at the close of trading on Thursday, Oct. 29, 2026.</p> <p>Trading of the company&#39;s shares based on the new capital will commence on Sunday, Nov. 1, 2026.</p> <p>In a press release published Thursday on QSE website, Widam Food Company said that it will implement a capital…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Qatar Tribune Business",
        "title": "Widam Food to restructure capital, cut losses through QR130 mn reduction",
        "url": "https://urgent.news/2026/10/22/widam-food-to-restructure-capital-cut-losses-through-qr130-mn",
        "published": "2026-10-22T21:54:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}