Edaa deposits Raydan’s tradable rights today

25/07/2021 Argaam

Raydan building

The Securities Depository Center Co. (Edaa) deposited today, July 25, the tradable rights of Raydan Food Co. into the eligible shareholders’ accounts, it said in a statement to Tadawul.

 

Raydan shareholders approved a capital increase through a SAR 112.5 million rights issue, during the extraordinary general meeting (EGM) held on July 13, Argaam reported.

 

Raydan said subscription to new shares and the rights trading will start on Aug. 9.

 

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