Saudi Abdullah Al Othaim Markets opens new store in Egypt

Abdullah Al Othaim Markets Company has opened its 42 branch in Egypt’s Giza on a 430 square metres.

  
Image used for illustrative purpose. People shop at the Mall of Egypt in 6th of October City, on the outskirts of Cairo, Egypt March 13, 2017.

Image used for illustrative purpose. People shop at the Mall of Egypt in 6th of October City, on the outskirts of Cairo, Egypt March 13, 2017.

REUTERS/Amr Abdallah Dalsh

Riyadh –  Abdullah Al Othaim Markets Company has opened its 42 branch in Egypt’s Giza on a 430 square metres.

The Saudi Arabia-listed company will maintain the realisation of its expansion strategy in Egypt, the firm’s CEO Abdulaziz Abdullah Al Othaim stated on Monday.

The Saudi retailer posted a 4.07% year-on-year increase in net profits for the second quarter of 2018, recording SAR 74.11 million.

© Mubasher 2018