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Raydan Food Company announces to its esteemed shareholders the commencement of liquidation procedures for its subsidiary in Egypt

6012
RAYDAN
-0.34 %
1446/08/05     04/02/2025 16:09:12

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Announcement Detail Raydan Food Company announces the liquidation of its investment in Egypt to avoid currency exchange losses. Raydan Egypt, a 100% owned subsidiary with a capital of EGP 50,000, will undergo this liquidation. The financial impact, which is not expected to be significant, will be reflected in the company's consolidated financial statements in the forthcoming period, while continuing the franchising operations in Egypt.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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