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 stores.

This closed branch accounts for 4.97% of Raydan Food’s total sales, according to a bourse statement on Sunday.

Moreover, the food firm affirmed it will take necessary procedures to fix the consequent material impact in the annual financials for 2020.