Herfy(Arabic:هرفي) is a Saudi Arabianmultinationalfast foodrestaurant chain inSaudi Arabiaand one of the largest in the Middle East, surpassing international chains in terms of presence. It has a total of more than 380 restaurants and 5,000 employees throughout Saudi Arabia.
 | |
| Company type | Public |
|---|---|
| Tadawul:6002 | |
| ISIN | SA12GGPITP13 |
| Industry | Restaurants |
| Founded | March 3, 1981inRiyadh,Saudi Arabia |
| Founder | Ahmed Al-Said |
| Headquarters | Riyadh, |
Area served | Saudi Arabia,Bahrain,United Arab Emirates,KuwaitandBangladesh |
Key people | Hamoud Alibrahim (Founder) Ahmed bin Hamad al-Said (Founder) |
| Products | Fast food,includingSuper Herfy,kufta,fish fillet,french fries,andmilkshakes |
| Revenue | |
| Total assets | 2,033,463,000 Saudi riyal (2019) |
Number of employees | 1,800 |
| Parent | 1981-1994Panda United 1994-1998Azizia Panda 1998-presentSavola Group |
| Website | herfy |
The company has many subsidiaries including Herfy Bakery.
History
editHerfy was founded by Ahmed Al-Said in 1981. In 1994, Panda United was acquired byPrince Waleed bin Talal'sKingdom Holding Company.Consequently, Panda's 70% stake in Herfy was transferred to Kingdom, bolstered by the new large budget provided by Kingdom.[citation needed]
In 1998,AlAzizia PandaUnited (Panda's new name) was acquired byThe Savola Group,headed by Adel Al-Fakeh, and Herfy became part of the group. Herfy's growth again grew as the number of Herfy chains doubled.[citation needed]
Future and international projects
editHerfy recently opened its first overseas branch inBahrainin cooperation with local partner Al Meer Trading. Franchise agreements in theU.A.E.andKuwaithave been concluded and more franchise requests have been received.[citation needed]
Herfy opened its first branch outside the Middle East inBangladeshon December 22, 2017, where they are supposed to open 30 outlets within "a few years". The first branch opened inGulshanand seven more branches later opened inBanani,Uttara,Mirpur,Dhanmondi,Bashundhara,KhilgaonandBasaboinDhaka.[2]
Herfy is now going to be opened in Nigeria, 50 Branches in the period of next 10 Years.[3][citation needed]
To cope with the added overseas branches, Herfy is planning to open its ownSR13 million meat and chicken processing plant in a similar way to Herfy Bakery.[citation needed]
References
edit- ^"Herfy Food Services Co. Earnings Estimates".Bloomberg Business.
- ^ALI KHAN, GHAZANFAR (4 June 2016)."Herfy to open outlets in Bangladesh".Arab News.Retrieved2024-06-12.
- ^"Saudi fast-food chain Herfy expands to Nigeria".Arab News.2021-05-30.Retrieved2024-05-07.
