Raydan to open franchise branch in Hafar Al-Batin today

26/10/2020 Argaam

Raydan Food Co. is set to open a new franchise branch in Star Plaza Center, Hafar Al-Batin, today, Oct. 26, 2020, the company said in a bourse filing.

 

The relevant financial impact will appear on the company’s revenue for Q4 2020, the statement added.

 

In December, Raydan signed a franchise agreement with its agent Jalal Rahim Co. at a total value of $30,000 (SAR 112.500), including franchise fees and a percentage of sales. Under the 5-year renewable agreement, Jalal Rahim will distribute Raydan products in Star Plaza Center, Hafar Al-Batin, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

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.