Herfy
{{Short description|Saudi Arabian fast food restaurant chain}}
{{Infobox company
| name = Herfy
| logo = Herfy logo.svg
| logo_size =
| type = Public
| traded_as = {{Saudi Stock Exchange|6002}}
| foundation = {{Start date and age|March 3, 1981}} in Riyadh, Saudi Arabia
| founder = Ahmed Al-Said
| hq_location = Riyadh
| hq_location_country = Saudi Arabia
| key_people = Hamoud Alibrahim (Founder)
Ahmed bin Hamad al-Said (Founder)
| industry = Restaurants
| parent = 1981-1994 Panda United
1994-1998 Azizia Panda
1998-present Savola Group
| revenue = {{ublist|class=nowrap |{{increase}} SR1.2 billion (2018) {{cite magazine|url=https://www.bloomberg.com/research/stocks/earnings/earnings.asp?ticker=HERFY:AB|title=Herfy Food Services Co. Earnings Estimates|magazine=Bloomberg Business}}}}
| num_employees = 1,800
| area_served = Saudi Arabia, Bahrain, United Arab Emirates, Kuwait and Bangladesh
| products = Fast food, including Super Herfy, kufta, fish fillet, french fries, and milkshakes
| homepage = {{URL|herfy.com}}
}}
Herfy ({{langx|ar|هرفي}}) is a Saudi Arabian multinational 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 380 restaurants and 5,000 employees throughout Saudi Arabia.
The company has many subsidiaries including Herfy Bakery.
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.{{citation needed|date=January 2024}}
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.{{citation needed|date=January 2024}}
Future and international 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.{{citation needed|date=January 2024}}
Herfy opened its first branch outside the Middle East in Bangladesh on December 22, 2017, where they are supposed to open 30 outlets within "a few years". The first branch opened in Gulshan and nine more branches later opened in Banani, Uttara, Mirpur, Dhanmondi, Bashundhara, Khilgaon, Basabo, Banasree and Shimanto Square in Dhaka.{{cite news |last=ALI KHAN |first=GHAZANFAR |date=4 June 2016 |title=Herfy to open outlets in Bangladesh |url=http://www.arabnews.com/node/934741/economy |access-date=2024-06-12 |newspaper=Arab News}}
Herfy is now going to be opened in Nigeria, 50 Branches in the period of next 10 Years.{{Cite web |date=2021-05-30 |title=Saudi fast-food chain Herfy expands to Nigeria |url=https://arab.news/8mzrg |access-date=2024-05-07 |website=Arab News |language=en}}{{citation needed|date=January 2024}}
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.{{citation needed|date=January 2024}}
References
{{Reflist}}
External links
{{Portal|Saudi Arabia|Companies|Food}}
- {{Official website|http://www.herfy.com/}}
- [https://web.archive.org/web/20170606191740/https://herfy.hellofood.sa/ Herfy online delivery]
Category:Fast-food chains of Saudi Arabia
Category:Companies based in Riyadh
Category:Restaurants established in 1981
Category:Multinational companies headquartered in Saudi Arabia