Hassad Food converts loan to equity during Widam Food Company restructuring
1 report, 1 independent
Updated Oct 22
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Widam Food Company is implementing a capital restructuring that includes a capital reduction and a subsequent capital increase. Hassad Food Company, an existing shareholder, converted bonds valued at QAR 30 million into equity shares. The restructuring process is scheduled for implementation on October 29, 2026, with trading of new shares beginning on November 1, 2026.
Why it matters
The restructuring involves reducing Widam Food Company's capital from QAR 180 million to QAR 50 million to cover accumulated losses. Following the conversion of the loan, Widam's total capital will amount to QAR 80 million.
Who's involved
- Hassad FoodExisting shareholder that converted a loan into equity shares
- QatarThe country where Hassad Food operates
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The entities involved
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Hassad Food
Qatari agricultural company
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