Riyadh – Mubasher: Ghida Alsultan for Fast Food Company is currently down 6.59% at SAR 17, positioning the consumer services firm among the session's primary decliners.

The price movement follows the company's announcement regarding the results of its Extraordinary General Assembly Meeting (EGM) and the recent conclusion of its acquisition of Simple Burger Establishment.

Technical data shows the stock trading below its key moving averages, with the 20-day Simple Moving Average (SMA) at SAR 18.34, the 50-day SMA at SAR 19.64, and the 200-day SMA at SAR 26.20.

The Relative Strength Index (RSI) stands at 36.85, while the Moving Average Convergence Divergence (MACD) is recorded at -0.474.

The Average Directional Index (ADX) of 43.16 indicates a strong trend strength for the current price direction.

Meanwhile, the decline occurs as the board recently invited shareholders to attend the EGM to discuss corporate developments and following the finalization of the Simple Burger Establishment acquisition.