Riyadh – Mubasher: Raydan Food Company on Thursday signed a franchise agreement with Ali Muhammed Ali Al Sairi Est for five extendable years.
The contract’s value amounts to $30,000 franchise fees in addition a percentage of sales, according to a statement to the Saudi Stock Exchange (Tadawul).
The agreement will strengthen Raydan Food’s footprint across the kingdom and is set to reflect positively on the company’s financials for the fourth quarter (Q4) of 2021.
