Raydan Food Co. announcement Contract Sign with Ali Muhammed Ali Al Sairi Est.

Element List	Explanation
Introduction	Raydan Food Co. announces Contract Sign with Ali Muhammed Ali Al Sairi Est.
Date of Announcement of the Award	2021-02-04 Corresponding to 1442-06-22
Contract Subject Matter	Franchise Agreement
Date of Signing the Contract	2021-02-04 Corresponding to 1442-06-22
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, Ali Muhammed Ali Al Sairi Est. for a period of five years. In Bisha City - Al Fahad District - King Fahad Road.

By executing this Agreement , the chain of branches of Raydan Food Company will expand in the regions of the Kingdom. Contract Duration Five years, renewable Financial Impact and the Relevant Period This contract will have a positive financial impact on the company in the fourth quarter of 2021 Related Parties There are no related parties

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.