Edaa implements procedures to reduce Raydan’s capital

10/10/2022 Argaam
A branch of Raydan Food Co.

A branch of Raydan Food Co.

The Securities Depository Center Co. (Edaa) reduced today, Oct. 10, the quantity of shares in the accounts of Raydan Food Co.’s eligible shareholders, according to a bourse filing.

 

Raydan’s shareholders approved the board’s recommendation on a 53.16% capital reduction from SAR 337.5 million to SAR 158.08 million to offset accumulated losses, Argaam earlier reported.

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