Raydan appoints Yaqeen Capital as financial advisor to reduce capital

The Raydan Food Company announced on Wednesday that it has appointed a financial advisor (Yaqeen Capital) for managing capital reductions.

The Company will announce when the capital reduction file is submitted to the Capital Market Authority and any future developments in a timely manner.

This comes with reference to the Raydan Food Company announcement published on Tadawul website on 25-08-2022 regarding the Board of Directors’ recommendation to reduce the company’s capital, the company also announced that it has appointed financial advisor for managing capital reductions.