Raydan Cuisines to buy stake in small catering business

08/02/2018 Argaam

 

Parallel Market-listed, Raydan Cuisines and Restaurants Co. has signed initial agreement to acquire 25 percent stake in a small, unlisted catering company based in Riyadh.

 

Valuation or detailed business of the target company, Aljonah For Desserts & Catering Co., will be announced in two months, and the deal will be financed in cash and in-kind, Raydan Cuisines said in a stock market filing.

 

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