Raydan Food Co. signed on July 19 a renewable five-year franchise agreement with Soul Advanced Limited in Al Baha.
The contract is valued at SAR 112,500 ($30,000), including the franchise fees and a percentage of sales, the company said in a bourse filing.
The agreement will help Raydan expand its presence across the Kingdom, the Tadawul-listed company said, adding it will pursue more expansions locally and overseas.
The contract will have a positive financial impact on Raydan’s financial statements as of Q2 2021.
No related parties are involved in the deal, the statement added.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}