Raydan Food Co (6012)

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News

4 February 07:28 PM Raydan Food liquidates Egypt unit to avoid currency exchange losses

Riyadh – Mubasher: Raydan Food Company commenced the liquidation procedures for its subsidiary in Egypt to avoid currency exchange losses, according to a bourse filing. Raydan Egypt, a fully-owned subsidiary with a capital of EGP 50,000, will …

Management Decisions

13 June 2024 02:32 PM Raydan Food unveils changes in board

Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …

Corporate Actions

9 October 2022 04:29 PM Raydan Food’s EGM approves capital reduction to SAR 158m

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Raydan Food Company granted its approval for a 53.16% capital cut to SAR 158.08 million from SAR 337.50 million. The capital decrease will be carried out by cancelling 17.94 million …

Management Decisions

23 September 2022 00:19 AM CMA nods to Raydan Food’s 53% capital cut

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Raydan Food Company to reduce its capital by nearly SAR 179.42 million to SAR 158.08 million from SAR 337.50 million. The new capital will be distributed over 15.80 …

Corporate Actions

11 September 2022 09:59 AM Raydan Food closes Jeddah branch

Riyadh - Mubasher: Raydan Food Company has closed its Jeddah - Kilo 14 branch, as per the decisions made by competent authorities to remove some neighborhoods that fall within its scope. Sales of the closed branch account for 5.50% of the …

Corporate Actions

29 August 2022 11:49 PM Raydan Food’s board mulls 53% capital cut

Riyadh - Mubasher: The board of Raydan Food Company has suggested to reduce the capital by 53.16% to SAR 158.08 million from SAR 337.50 million. The Saudi listed firm would cancel 17.94 million shares, equivalent to 1.06 shares for every two …

Corporate Actions

28 August 2022 05:58 PM Raydan Food’s accumulated losses near SAR 179.5m in H1-22

Riyadh - Mubasher: Raydan Food Company has registered accumulated losses worth SAR 179.41 million at the end of the first half (H1) of 2022, accounting for 53.16% of the SAR 337.50 capital. During the January-June 2022 period, the Saudi listed …

Financial Results

25 May 2022 04:35 PM Raydan Food’s accumulated losses hit 48% of capital

Riyadh - Mubasher: The accumulated losses of Raydan Food Company have reached SAR 162.21 million in the first quarter (Q1) of 2022, accounting for 48.06% of the SAR 337.50 million capital. The Saudi listed firm incurred net losses after Zakat and …

Financial Results

26 April 2022 10:21 AM Raydan Food appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Raydan Food Company announced the appointment of Omar Rabeh Sater Alselami as the new Chairman of the board for the coming three years. The company also named Nair Bayan Muhji Alsulami to be the Vice Chairman of the board for …

Corporate Actions

25 April 2022 05:49 PM Raydan Food’s CEO resigns; Al Sulami succeeds

Riyadh – Mubasher: Raydan Food Company has announced the resignation of Fawzan Abdullah Al Harthy from his position as the CEO of the company, effective from 30 April this year. Mansour Nasser Awadallah Al Sulami will replace Al Harthy, who …

Corporate Actions

28 November 2021 10:47 AM Raydan Food incurs lower accumulated losses

Riyadh - Mubasher: The accumulated losses of Raydan Food Company have declined to SAR 109.235 million as of 30 September 2021, accounting for 32.37% of the share capital worth SAR 337.5 million. Lower accumulated losses are driven by higher share …

Financial Results

30 September 2021 11:13 AM Raydan inks commercial franchise deal with Egypt's Al-Raya Restaurants

Riyadh – Mubasher: Raydan Foods Company has signed a commercial franchise contract with Al-Raya Company for Restaurants Ltd in Egypt. The contract includes granting the right to a commercial franchise in Egypt and converting the branches of the …

Companies Investments

22 August 2021 03:44 PM Raydan Food logs SAR 81m accumulated losses

Riyadh - Mubasher: Raydan Food Company has incurred accumulated losses of SAR 81.178 million as of 30 June 2021, accounting for 36.08% of the company's capital. These losses are mainly driven by the SAR 68.159 million accumulated losses as of 31 …

Financial Results

14 July 2021 02:09 PM Raydan discloses shares trading, subscription period; fluctuation limit announced

Riyadh – Mubasher: Raydan Foods Company announced that the beginning of the rights issue trading and new shares subscription period will be on 9 August, according to a bourse filing on Wednesday. The end date for the rights issue period will be on …

Trading Activities

14 July 2021 01:43 PM Raydan’s shareholders approve capital hike through rights issue

Riyadh – Mubasher: The shareholders of Raydan Foods Company gave the green light for the board’s recommendation to increase the capital through a rights issue of 11.25 million ordinary shares at a par value of SAR 10 each. The value of the …

General Assembly

15 June 2021 10:51 AM Raydan inks $30,000 deal with Egypt’s Golden Star

Riyadh – Mubasher: Raydan Food Company has signed a franchise agreement with Egypt-based Golden Star Est for Ready Meals at a value of $30,000. The contract has been registered under the trademark Raydan for 6% of total sales besides the franchise …

Companies Investments

23 May 2021 10:31 AM Raydan’s Q1 losses deepen 33%

Riyadh- Mubasher: Raydan Food Company incurred net losses after Zakat and tax worth SAR 8.87 million during the first quarter (Q1) of 2021, higher by 33% compared to SAR 6.66 million in Q1-20. Loss per share stood at SAR 0.39 in Q1-21, compared …

Financial Results

22 April 2021 10:48 AM Saudi Raydan sings franchise deal with Egypt’s Al Raya Restaurants

Riyadh – Mubasher: Raydan Food Company signed a five-year franchise agreement with Egypt-based Al Raya Restaurants Company, according to a bourse disclosure to Thursday. The contract value stands at $30,000 worth of franchise fees in addition to …

Companies Investments

20 April 2021 01:15 PM Raydan’s accumulated losses represent 29.79% of capital

Riyadh – Mubasher: The accumulated losses of Raydan Food Company have reached SAR 67.04 million by the end of December 2020. This amount is equivalent to 29.79% of the capital, according to a bourse disclosure on Tuesday. Raydan recently announced …

Financial Results

4 February 2021 04:43 PM Raydan Food inks five-year franchise deal with Ali Muhammed Ali Al Sairi

Riyadh – Mubasher: Raydan Food Company on Thursday signed a franchise agreement with Ali Muhammed Ali Al Sairi Est for five extendable years. The contract’s value amounts to $30,000 franchise fees in addition a percentage of sales, according to a …

Companies Investments

31 December 2020 09:40 AM Raydan Food submits request to CMA for SAR 112.5m capital raise

Riyadh – Mubasher: Raydan Food Company has submitted a request to the Capital Market Authority (CMA) on 30 December for a SAR 112.5 million capital raise by way of a rights issue. FALCOM Financial Services has been appointed as a financial adviser …

Corporate Actions

11 November 2020 08:40 AM Raydan Food swings to SAR 38m quarterly loss

Riyadh – Mubasher: Raydan Food Company swung to a net loss of SAR 38.33 million in the third quarter (Q3) of the year, compared with a net profit of SAR 1.9 million in the same period a year earlier. The move to quarterly losses was due to a drop …

Financial Results

11 October 2020 09:14 AM Raydan Food’s Al Waziria branch closed

Riyadh – Mubasher: Raydan Food Company has closed its branch located in Al-Ahdal market in Jeddah's Al Waziria District as per the decision issued by King Abdul Aziz Endowment of the Azizia Eye to remove and evacuate the area and commercial …

Corporate Actions

8 September 2020 10:10 AM Raydan Food’s board proposes capital hike via rights issue

Riyadh – Mubasher: Raydan Food Company’s board recommended increasing the company’s capital through a rights issue to provide the required working capital to raise the operating capacity and support the company’s future activity. The total amount …

Board of Directors

24 August 2020 09:06 AM Raydan Food incurs SAR 9m loss in Q2

Riyadh – Mubasher: Raydan Food Company swung to net losses of SAR 8.84 million in the second quarter (Q2) of 2020, versus net profits of SAR 2.77 million in the same quarter in 2019. The move to losses resulted from lower sales and other income, …

Financial Results