Raydan shareholders to start remote voting on EGM agenda on Oct. 1

A branch of Raydan Food Co.

Shareholders of Raydan Food Co. will start, on Oct. 1, the electronic voting (e-voting) on the agenda of the extraordinary general meeting (EGM) slated for Oct. 5, according to a bourse statement. 

Shareholders will vote on the board’s recommendation to decrease the company's capital by 53.16% from SAR 337.50 million to SAR 158.08 million, to offset accumulated losses, during the upcoming EGM.