Riyadh – Mubasher: Herfy Food Services Company penned a non-binding memorandum of understanding (MoU) with the EatRite Food Services Company to grant it franchise rights to open branches of Herfy restaurants in Nigeria.
A total of 50 branches of Herfy restaurants will be opened in Nigeria over a period of 10 years, with an average of 5 branches per year starting from 2021, according to a bourse filing on Monday.
The 90-day agreement comes as a continuation of Herfy's approach to becoming international, which is one of the pillars of the Saudi Vision 2030.
Source: Mubasher
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