Raydan submits capital increase file to CMA

31/12/2020 Argaam

One of the branches of Raydan Food

Raydan Food Co. submitted its request to increase capital through rights issue to the Capital Market Authority (CMA) on Wednesday, Dec. 30, 2020, the company said in a statement to Tadawul.

 

Any updates will be announced in a timely manner, the statement added.

 

The company’s board of directors recommended on Sept. 8, 2020, a capital hike through SAR 112.5 million rights issue, according to data available with Argaam.

 

The capital hike aims to finance the company’s future plans and expansions. It also aims to inject fresh funds to finance working capital and boost operating capacity.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.