IssuerAnnouncementDetailsV2Portlet
Raydan Food Company announces to its esteemed shareholders the commencement of liquidation procedures for its subsidiary in Egypt
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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. |
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