Herfy
 |
|
| Type | Public |
|---|---|
| Industry | Restaurants |
| Founded | 1981 in Riyadh, Saudi Arabia |
| Headquarters | Riyadh, Saudi Arabia |
| Key people | Sheikh Ahmed Al-Said, Founder Ibrahim Al-Hamoud, First corporate partner H.R.H. Prince Alwaleed Bin Talal Al Saud, Current CEO |
| Products | Fast food, including Super Herfy, Kufta, Fish Fillet, french fries, and milkshakes |
| Employees | 1'800 full time |
| Website | http://www.herfy.com |
Herfy is a large fast food restaurant chain in Saudi Arabia and one of the largest in the Middle East, surpassing major international corporations in terms of local size. It has a total of more than 100 restaurants and 2,000 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.
[edit] History
Herfy was founded by Ahmed Al-Said in 1981. In 1994, Panda United was bought by Prince Waleed bin Talal's Kingdom Holding Company. Therefore, 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 incorporated with the Savola Group headed by Adel Al-Fakeh. Therefore, Herfy became part of the group. Herfy's growth again grew as the number of Herfy chains doubled.
[edit] Future Projects
Herfy only very recently opened its first overseas branch in Bahrain in cooperation with local partners 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 13 million Saudi Riyal meat and chicken processing plant in a similar way to Herfy Bakery.
