New Herfy Restaurants

Overview

The company aims to launch 12 new restaurants in 2021 across the Kingdom, raising the number of owned and rented facilities to 400. The company also aims to open 5 restaurants in Nigeria.

Project Information

Other
  • Food and Beverages > restaurants and cafe
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17 restaurants
Saudi Arabia
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Completed
2021
2021

  • In Q1 2021, the company announced the launch of a restaurant in Bangladesh, raising the number of its branches in the country to five

  • The company announced signing a franchise rights contract with EatRite Food Services worth $300,000 to open 50 Herfy restaurant branches in Nigeria over 10 years, with an average of five branches a year

  • The company opened four new restaurants in 2021, which is less than the previous target of 12 restaurants, and closed five restaurants, bringing its total restaurants (owned and rented) to 387 until the end of 2021, compared with 388 restaurants in 2020.
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Owners

Name
Percentage
Herfy Food Services Co.
100.00%

Related Parties

Name
Role
Savola Group
Indirect Owner

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