A branch of Raydan Food

Raydan Food Co. announced on Feb. 23 the closure of its branch located in Al Sharafiyah district, King Fahd Road, in Jeddah, according to a bourse statement.

 

The move follows the decisions issued by competent authorities to remove some neighborhoods, as the branch was within its scope.

 

The sales of this branch represent 5% of the company’s total sales.

 

Raydan said it will take the necessary measures to address the financial impact of the closure, in the 2022 financial period.

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