“Raydan” recommends reducing the capital and increasing it by offering priority rights shares

Yesterday, the Board of Directors of the Raydan Food Company recommended to the extraordinary general assembly of the company’s shareholders to reduce the company’s capital and then increase the company’s capital by offering priority rights shares. 7313603. Until there is no effect to reduce capital on obligations, operations, or the company’s financial, operating or organizational performance. /> The company appointed Al -Bilad Investment Company (Al -Bilad Financial) as a financial consultant for the capital reduction process, as well as the announcement will be announced when submitting a request for the company’s capital reduction to the Capital Market Authority to obtain its approval.

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