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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