Raydan Food Company announced on January 25, 2026, the signing of a binding agreement to sell its Hira Branch in Jeddah's Al-Nuzha District for SAR 8,000,000 excluding VAT, representing 10.94% of the company's share capital. The transaction, completed on January 22, 2026, includes a simultaneous 10-year leaseback arrangement with an annual lease value of SAR 700,000. The branch's book value was SAR 10,181,890 according to financial statements ending September 30, 2025. The company intends to use proceeds to improve liquidity and settle existing financial obligations, with the buyer being Bashir Nooralddin R. Alhaddad, who is not a related party.

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