Edaa applies capital cut for Raydan

05/11/2025 Argaam
Logo ofRaydan Food Co.

Logo of Raydan Food Co. 

The Securities Depository Center Co. (Edaa) reduced today, Nov. 5, the number of Raydan Food Co. shares in the accounts of eligible shareholders.

 

According to available data on Argaam, Raydan shareholders recently approved the board of directors’ recommendation to reduce the company’s capital from SAR 158.08 million to SAR 73.14 million — a 53.74% decrease — to restructure its capital and offset accumulated losses.

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