Raydan closes branch in Jeddah, says sales contributed 5.5% to total

11/09/2022 Argaam
A branch of Raydan Food Co.

A branch of Raydan Food Co.

Raydan Food Co. announced closing Jeddah - Kilo 14 branch, based on the competent authorities’ decisions to remove some neighborhoods that fall within their scope.

 

In a bourse statement, Raydan added that the branch’s sales represent 5.50% of the company’s total sales.

 

The necessary measures will be taken to address the relevant financial impact in 2022.

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