Raydan Food opens franchise branch in Bisha

24/11/2022 Argaam
A branch of Raydan Food Co.

A branch of Raydan Food Co.

Raydan Food Co. announced that a new franchise branch will open today, Nov. 24, in Al Fahad District, Bisha, according to a statement to Tadawul.

 

The inauguration delay was due to a hold-up in construction works and the issuance of licenses, the company indicated.

 

Raydan Food also said its share will be 6% of the total sales, adding that this contract will have a financial impact on its financial results in Q4 2022.

 

The name of the commercial registry was changed from “Ali Muhammad Ali Al-Sairi Foundation” to “Wreath of Life Co.”, it stated.

 

In February 2021, Raydan Food signed a franchise agreement with Ali Muhammad Ali Al-Sairi Foundation in Bisha City, valued at $30,000 (SAR 112,540), in addition to a percentage of sales, according to Argaam's data.

 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.