Raydan Food Co. announced selling vacant land plot, on Sept. 21, to Khalid Al Ghamdi at a total value of SAR 4.14 million, inclusive of value-added tax (VAT), the company said in a bourse statement.

 

The asset’s book value for the last three years stood at SAR 10.44 million, the statement added.

 

The deal aims to partially offset the working capital deficit, as the sale proceeds will be used to repay some of the company’s current liabilities.

 

Raydan will incur capital losses from the sale deal, which will be reflected on Q3 2020 financials.

 

The deal included no related parties or preferential terms, the statement added.

Comments 6

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1596

وولف

منذ 3 سنه
الحمدلله بإذن الله السهم يسر ملاكه يارب
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I_Am_Someone

منذ 3 سنه
الارباح في الربع الثاني نزلت و خذلك خساير اخر ربع تمحي جميع الارباح الحاليه ههههههه الله يستر بس و يعين المساهمين
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Zojo

منذ 3 سنه

مشكلة اشراق في الربع الرابع دائما

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826

111Sultan

منذ 3 سنه
Replying to   Zojo

الربع الرابع بيخالف توقعاتك

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only4u

منذ 3 سنه

انتم ناس لا تحبون التفاؤل 

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pioneer

منذ 3 سنه
Replying to   only4u

الموضوع ليس موضوع تفاؤل او تشاؤم ، لكن هي حقائق موجودة والكل يطلع عليها ، وموثقة من خلال نتائج الشركة .

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