Shares of Raydan Food closes at lifetime high

A branch of Raydan Food

Shares of Raydan Food Co. hit their highest level since listing, at SAR 32.75 today, July 15.

The stock closed at an increase of over 1%, at SAR 31.05 per share with nearly 7.77 million shares traded.

Accordingly, Raydan Food jumped 133% since July 2020.

The company was founded in 1989 as an individual establishment owned by Awadallah Ahmed Al-Sulami and become a closed joint stock company in 2008 with a capital of SAR 100 million.

The company was listed on Nomu on Feb. 26, 2017. It moved to the main market on Nov. 21, 2019.

The company's main activity is to set up restaurants selling Arabian meals, catering, partying, managing and operating restaurants for the company and others.

In 2020, Raydan Food increased its capital from SAR 225 million to SAR 337.5 million through a rights issue.

The following table shows the most important financial indicators of the company: