Riyadh – Mubasher: Saudi Arabia-based Raydan Co, which operates full-service restaurants, said it will officially inaugurate its 17th branch in Saudi Arabia on Wednesday, 27 December in Al-Madinah.

The branch is located in Al Aridh district on Prince Mohammed Bin Abdulaziz Road, and will cover an area of 774 square metres, according to a statement on Tuesday to the Saudi Stock Exchange (Tadawul).

The branch will be the first one in Al-Madinah Al-Munawwarah, its financial impact will appear in the first quarter 2018 financial results.

By 11:37 am KSA time, Raydan Co’s stock went up 8.12%, reaching SAR 17.84.