Type Public Industry Restaurants | ||
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Key people , founderIbrahim Al-Hamoud, first corporate partnerH.R.H. Prince Alwaleed Bin Talal Al Saud, current CEO Stock price 6002 (TADAWUL) SAR 81.75 -0.25 (-0.30%)9 Mar, 3:00 PM GMT+3 - Disclaimer Founders Ahmed Bin Hamad Al-Said, Hamud Bin Saad Al-Ibrahim Profiles | ||
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Herfy (Arabic: هرفي) is a major fast food restaurant chain in Saudi Arabia and one of the largest in the Middle East, surpassing international chains in terms of presence. It has a total of more than 212 restaurants and 4,000 employees throughout Saudi Arabia. It also has many subsidiaries including Herfy Bakery and a soon to be built meat processing plant. It has been an entirely Saudi-owned company since its inception.
Contents
Herfy memories
History
Herfy was founded by Ahmed Al-Said in 1981. In 1994, Panda United was acquired by Prince Waleed bin Talal's Kingdom Holding Company. Consequently, Panda's 70% stake in Herfy was transferred to Kingdom, bolstered by the new large budget provided by Kingdom.
In 1998, AlAzizia Panda United (Panda's new name) was acquired by The 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.
Future projects
Herfy recently opened its first overseas branch in Bahrain in cooperation with local partner Al Meer Trading. Franchise agreements in the U.A.E. and Kuwait have been concluded and more franchise requests have been received.
To cope with the added overseas branches, Herfy is planning to open its own SR13 million meat and chicken processing plant in a similar way to Herfy Bakery.