A Raydan Food branch
Raydan Food Co. announced the opening of its franchise branch today, March 21, on King Abdulaziz Road, Al-Baha, the company said in a statement to Tadawul.
The contract will have a positive financial impact on Raydan’s Q1 2023 financial statements.
Last October, Raydan Food signed a franchise agreement with Soul Advanced Limited in Baljurashi City, Al Baha, King Abdulaziz Road, according to data compiled by Argaam.
The contract is valued at SAR 87,000, in addition to 6% of total sales.
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