Raydan records lowest close since debut
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) |
| 68.50 | 31.72 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 151.21 | 31.72 |
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 | 18.30 |
| Low | 18.11 |
| High | 18.99 |
| Previous Close | 18.23 |
| Change (3M) | 25.36 % |
| Change (6M) | (0.44 %) |
| Market Value | 132.60 |
| Avg. Volume (3M) | 286,141.29 |
| Avg. Turnover (3M) | 4,910,198.02 |
| Avg. Transaction (3M) | 1,153.22 |
| Change(12M) | (42.50 %) |
| YTD | (24.73 %) |
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Right Issue | 119.63 | 717.70% |
| 2026 | Reduction | 14.63 | (80.00%) |
| 2025 | Bonus Shares | 73.14 | (53.73%) |
| 2022 | Bonus Shares | 158.08 | (53.16%) |
| 2021 | Right Issue | 337.50 | 50.00% |
| 2017 | IPO | 225.00 | 0.00% |
| 2014 | Bonus Shares | 225.00 | 55.17% |
| 2014 | Bonus Shares | 145.00 | 45.00% |
Financial Performance :
Overview :
The company was established in 1995 in Jeddah as a sole proprietorship. Its operations commenced in 1989 under the name AsSalmi Real Estate Development Group, with an additional branch named Raydan Cuisines and Restaurants registered in Jeddah in 1998. In 2008, the entity converted into a closed Saudi joint-stock company. It was listed on the Nomu-Parallel Market in February 2017, and later moved to the Main Market (TASI) in November 2019.
The company’s core business, as stated in its A...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 132.60 |
| Shares Outstanding ((M)) | 7.31 |
| Recurring EPS ( Riyal) (TTM) | (6.46 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | (0.71 ) |
| Recurring P/E (TTM) | Neg |
| Price/book | (25.58) |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | (47.11 ) |
| Return on Average Equity (%) (TTM) | (239.25 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 131.30 |
| EV/adj EBITDA | (10.56) |
| EV/ EBITDA | - |
| EV/Revenues | 2.05 |
Calendar :
-
02 November
General Assembly
- -
30 June
General Assembly
-
Call Request
Comments Analysis: