Raydan says Al-Jamiah branch closed, accounts for 10.5% of sales

26/05/2022 Argaam
A branch of Raydan Food

A branch of Raydan Food


Raydan Food Co. shut down its branch in Al-Jamiah neighborhood, Jeddah, based on the decisions of the competent authorities to remove some districts in which the branch is located.

 

The branch represents 10.50% of Raydan’s total sales, the company said in a bourse filling.

 

It indicated that necessary measures will be taken to address the financial impact of this closure during 2022.

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