A branch of Raydan Food Co.
Raydan Food Co. will open a franchise branch in Cairo, Egypt, on May 10, 2021, the company said in a bourse filing today, May 9, 2021.
In April, the company signed a five-year franchise contract registered under "Raydan" trademark with its Egypt-based franchise agent, Al-Raya Restaurants Co. Ltd.
The contract was valued SAR 112,500 ($30,000) in franchise fees, in addition to a percentage of sales.
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