Raydan Food shareholders clear board, reject pay plan

Raydan Food Co. shareholders voted to discharge the board from liability for the fiscal year ended Dec. 31, 2025, at the ordinary general meeting, the company said in a statement.

The same meeting saw shareholders reject the proposed board remuneration for the period, though the company did not disclose the specific amount or the vote margin.

Shareholders also approved the auditor's report and the financial statements for the year. The meeting covered standard agenda items including the board's report on the company's operations and strategy.

The vote on board pay comes as Saudi-listed food companies face increased scrutiny on governance and compensation practices. Raydan Food, which operates in the food manufacturing and distribution sector, has not indicated whether it will propose a revised remuneration package at a future meeting.

The company's shares trade on the Saudi Exchange under the ticker 6012.