The Qatar Stock Exchange has announced an important capital restructuring for Widam Food Company, set to take effect on October 29, 2026. Following this restructure, the modified share capital will commence trading on November 1, 2026. This planned adjustment is aimed at enhancing the company’s financial health and preparing it for future growth.
Initial Capital Reduction
In the first phase of this capital restructuring, Widam will decrease its capital from QAR 180 million to QAR 50 million. This will be executed by canceling 130 million shares, which accounts for approximately 72.2% of the total capital. Following this adjustment, the company will reissue shares amounting to 50 million, each valued at QAR 1. This significant reduction is part of a broader strategy to streamline Widam’s financial structure.
Bond Conversion and Capital Increase
The second phase involves converting QAR 30 million in bonds held by Hassad Food Company into shares. This move will elevate Widam’s total capital to QAR 80 million, translated into 80 million shares, still maintaining a par value of QAR 1 each. Hassad Food, a wholly-owned subsidiary of the Qatar Investment Authority, plays an integral role in this process as an existing shareholder. These bonds were initially issued against a loan provided by Hassad Food, making this conversion a strategic step toward strengthening Widam’s financial position.
Key Approvals and Strategic Goals
Widam’s capital restructuring was sanctioned during the Extraordinary General Assembly meeting on June 8, 2026, and subsequently received the necessary approvals from the Ministry of Commerce and Industry, as well as non-objection from the Qatar Financial Markets Authority. This careful coordination with relevant authorities highlights the diligence involved in the restructuring process.
The primary goal of this restructuring is to bolster Widam’s financial standing by addressing accumulated losses and reducing liabilities. In doing so, the company aims to lay a solid financial foundation that will enable it to pursue its long-term objectives more effectively.
As Widam Food Company takes these significant steps, it signals a proactive approach to managing its financial resources and positioning itself for a promising future. This strategic restructuring not only aims to stabilize its financial framework but also aspires to open up pathways for growth, allowing it to better serve its customers and enhance shareholder value in the dynamic market environment of Qatar.