Herfy Food Services Co., which operates several fast-food restaurants, will pay attractive dividends this year, which will be equal to those distributed last year, chief executive officer, Ahmed Al-Said, was quoted as saying in CNBC Arabiya.
Herfy is proceeding with its expansion plans, as it seeks to open the same number of restaurants compared to last year, capitalizing on its expertise and resources, Al-Said noted.
The Saudi company opened 52 eateries last year, including 40 large restaurants.
According to data compiled on Argaam, Herfy reported a net profit of SAR 54.5 million for first quarter, 14 percent higher compared to the same period in 2014.
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