Mobile subscriptions in KSA reached 53 million in 2013 with a 181.6% penetration rate
Riyadh - March 20, 2014
SanDisk, the global leaders in flash memory, grew in the Kingdom of Saudi Arabia by 64 percent year on year from 2012 to 2013, Coupled with this success SanDisk celebrates 15 years of business in the Kingdom of Saudi Arabia with its distributor Ahmed Abdulwahed (AAA) Company.
"The Kingdom represents one of the highest revenue opportunities for SanDisk in the region. Over the past 15 years we have seen outstanding growth," said Tareq Husseini, Regional Sales Director Mediterranean Middle East and Africa at SanDisk. "In partnership with Ahmed Abdulwahed we have invested in developing the country's flash category by strategically growing our product footprint within power retails and hyper stores."
"We look forward to continuing our growth efforts in the Kingdom of Saudi Arabia in partnership with Ahmed Abdulwahed Company to provide our customers with the best in flash memory products," added Husseini.
A strong growth in the consumer electronics has led to an increase in mobile subscriptions in KSA last year. According to the Communication and Information Technology Commission of Saudi Arabia, the number of mobile phone subscriptions in KSA reached 53 million by the end of 2013, with a penetration rate of 181.6%[1]. Driven by the region's high mobile phone penetration rates and a growing appetite for flash-based storage devices, SanDisk anticipates growth opportunities in the region.
"Growth in mobile phones and the proliferation of smartphones is rapidly coming to be seen as indispensable among Saudi consumers," said Yaser Ahmed Abdulwahed, Chief Operating Officer, Ahmed Abdulwahed Company. "This is ultimately fuelling flash memory in the Kingdom."
Husseini added that SanDisk's growth was attributed to key retailers in the kingdom including; Extra, Jarrir Bookstore, Emax, Carrefour, Lulu Hyper, Hyper Panda Danube and Bindawood.
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About SanDisk
SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 25 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk's quality, state-of-the-art solutions are at the heart of many of the world's largest data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk's consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.
© 2013 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).
This news release contains certain forward-looking statements, including expectations for markets, products and customers that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: the market demand for our products may grow more slowly than our expectations or our products may not be available in the capacities that we expect or perform as expected, or the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.
© Press Release 2014
