Money and business

The start of liquidation procedures for a subsidiary in Egypt

Raydan Food Company announced the liquidation of its investment in the Arab Republic of Egypt to avoid the losses of currency teams, which is a 100% subsidiary company for the company with a capital of (50,000 Egyptian pounds).
The company said in a statement on Saudi Arabia’s circulation: The financial impact, which is not expected to be fundamental, will appear after the completion of the liquidation procedures in the unified financial statements of the company during the coming period, with the continuation of the commercial concession in the Arab Republic of Egypt.

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