Herfy to open franchise stores in Bangladesh
Herfy Food Services (6002.SE) announced that it has signed a regional development franchise agreement with Greenland Services in Bangladesh as a first step towards expanding beyond the Middle East. The agreement entitles Greenland to open 30 Herfy stores including dine-in and drive-through fast food restaurants in Bangladesh within a few years. (Arab News) Herfy: SAR80.09 as of 5 June 2016, Rating: Buy, FV: SAR86.00 per share, MCap: USD987mn, HERFY AB / 6002.SE
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