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Raydan Food Lodges Application for Capital Reduction, Rights Issue

MT Newswires·11/08/2026 04:31:30
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04:31 AM EST, 11/08/2026 (MT Newswires) -- Raydan Food Co. (SASE:6012) filed an application with the Capital Market Authority for the reduction of its share capital by 58.5 million Saudi riyals and for a subsequent increase in its capital through a 105 million-riyal rights issue. The transactions are subject to the approvals of the Capital Market Authority, other officials, and an extraordinary general assembly of the Tadawul-listed restaurant operator, according to a Sunday release.