Widam Food Company: To Implement the Reduction and Increase of Its Share Capital

Widam Food Company Q.P.S.C. (the “Company”) announces that, having obtained the approval of its Extraordinary General Assembly On June 8, 2026, the approval of the Ministry of Commerce and Industry and the no-objection of the Qatar Financial Markets Authority (the “QFMA”), and in coordination with the relevant authorities, it will implement a restructuring of its share capital in accordance with the timetable set out below. The restructuring comprises a reduction of the Company’s capital to absorb part of its accumulated losses, followed by an increase of capital through the conversion into shares of the notes issued against a loan in favour of Hassad Food Company, an existing shareholder in the Company.

The restructuring is intended to strengthen the Company’s financial position and balance sheet by absorbing part of its accumulated losses and reducing its liabilities, and to provide a firmer financial basis from which to pursue its business objectives. Hassad Food Company is an existing shareholder in the Company and a leading Qatari company wholly owned by the Qatar Investment Authority.

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