Raydan Food Co. — Capital/Financing Update 2021

Apr 22, 2021

Raydan Food Co. Announces Franchise Agreement Contract Sign Off with Al-Raya Restaurants Company Ltd. in Arab Republic of Egypt

6012 · 22/04/2021 08:12:51 · Announcement #62937 · View on Saudi Exchange

Raydan Food Co. Announces Franchise Agreement Contract Sign Off with Al-Raya Restaurants Company Ltd. in Arab Republic of Egypt

Element List	Explanation
Introduction	Raydan Food Co. Announces Franchise Agreement Contract Sign Off with Al-Raya Restaurants Company Ltd. in Arab Republic of Egypt
Date of Announcement of the Award	2021-04-21 Corresponding to 1442-09-09
Contract Subject Matter	Franchise Agreement in Arab Republic of Egypt – Cairo city - Giza Governorate – Faisal St.
Date of Signing the Contract	2021-04-21 Corresponding to 1442-09-09
Contract Value	30,000 USD Franchise fees in addition a percentage of sales
Contract Details	Raydan Food Company announces of franchise agreement registered under trademark of "Raydan" to the franchise agent, Al-Raya Restaurants Company Ltd. in Arab Republic of Egypt For a period of five years. In Cairo city - Giza governorate – Faisal St.
Contract Duration	Five years, renewable
Financial Impact and the Relevant Period	This contract will have a positive financial impact on the company in the second quarter of 2021
Related Parties	There are no related parties

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