Raydan records lowest close since debut

29/05/2025 Argaam Exclusive

Shares of Raydan Food Co. shed 2% today, May 29, reaching SAR 14.68 — the lowest close since listing on the Main Market (TASI).

Year High (SAR) Year Low (SAR)
31.70 14.68
Highest Since Debut (SAR) Lowest Since Debut (SAR)
69.98 14.68

The company made several changes to its capital since debut.

 

The board proposed reducing capital by 53.74%from SAR 158.08 million to SAR 73.14 million, to restructure and offset accumulated losses.

 

It also recommended a SAR 155 million rights issue to increase capital after the reduction.

Market Data :

Open 13.98
Low 13.89
High 14.07
Previous Close 13.95
Change (3M) 3.09 %
Change (6M) (21.79 %)
Market Value 221.81
Avg. Volume (3M) 234,613.22
Avg. Turnover (3M) 3,273,804.52
Avg. Transaction (3M) 849.38
Change(12M) (42.17 %)
YTD (35.64 %)

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Reduction   73.14 (53.73%)
2025 Right Issue   228.14 211.92%
2022 Reduction   158.08 (53.16%)
2021 Right Issue   337.50 50.00%
2017 IPO   225.00 0.00%
2014 Split   225.00 55.17%
2014 Split   145.00 45.00%

Financial Performance :

Overview :

The company was set up in 1989 as an individual company by Mr. Awadullah Ahmed Ayed. In 2008, it was converted into closed joint-stock business with a capital of SAR 100 mln. The company's main business is the management of restaurants, third-party eatery management, and diverse catering services


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 221.81
Shares Outstanding ((M)) 15.81
EPS ( Riyal) (TTM) (5.48 )
Book Value (BV) ( Riyal) (Latest announcement) 3.96
Recurring P/E Neg
Price/book 3.54
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (39.09 )
Return on Average Equity (%) (TTM) (81.87 )
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 225.24
EV/adj EBITDA (7.58)
EV/Revenues 1.68


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