(MENAFN)Herfy Food Services Company, Saudi Arabia’s largest fast-food chain, inked a deal with EatRite Food Services, granting it franchise rights to come up with 50 outlets in Nigeria.
During a bourse statement, the company stated that “This agreement comes as a continuation to Herfy’s approach to becoming international, which is one of the pillars of the 2030 Vision announced by HRH The Crown Prince, Mohammed bin Salman, as the company is looking forward and working on being present in the Far East, GCC countries, and Africa.”
Tadawul announcement showed that the franchise deal is going to remain for 10 ten years, with an average of five branches opening a year, from 2021.
Herfy Food Services Company found in 1981, and the first Herfy restaurant opened in Riyadh that same year. As of September last year, the company owns an amount of 40 restaurants and leases 345.
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