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THE COMPANY AND ITS BUSINESS:

Rahima Food Corporation Ltd. was incorporated on 06 June, 1990 as a Private Limited Company in Bangladesh under Companies Act 1913 and subsequently has been converted into a Public Limited Company on 28 th June, 1996. It went for Initial Public Offering of shares in 1997 and its shares are now listed with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Plc.

Rahima Food Corporation Ltd. originally had been established for more than two decades ago as an edible oil producing and marketing company. In December, 2017 the management of the company had to decide to change its nature of production to save the company from sustaining loss year to year. For its sustainable long-term growth and after due consideration of all factors, they had decided to set up a Coconut Oil producing plant for producing and marketing of Coconut oil. As per decision taken by the management, a new plant for this purpose has been set up which commenced commercial operation in February, 2022.

For more profitable operation of the company, the management further had decided in February, 2022 to set up a plant for processing and packing of Cashew Nuts for marketing the product at home and abroad and another plant for bottling and marketing of Soybean oil and mastered oil for local marketing. The plant for processing and packing of Cashew Nuts has already been established which commenced commercial operation in May, 2022. The plant for bottling of soybean oil and mustered oil is under process of installation and the management of the company expects to complete its establishment within the shortest possible time.