Raydan Food Co. Announces Decrease of its Accumulated Losses to 32.37 % of Capital

Raydan Food Co. announced on Sunday that the accumulated losses as of 30 Sep 2021 has decreased below 35% of its share capital and amounted to SR 109,235,260 million, representing 32.37% from its share capital which amounted to SR 337,500,000 million as of 30 Sep 2021

The decrease in Accumulated Losses is related to increase of the share capital through right issuance by SR 112,500,000 million as per the approval of its Extraordinary General Assembly held on 13-07-2021.

The company shall continue to be subject to the procedures and guidelines related to the listed companies in Tadawul whose accumulated losses has exceeded 20% of its Share Capital.