Riyadh – The Saudi Company for Hardware (SACO) has permanently closed on 1 November 2020 its showroom located in Al Qasr Mall in the mid-southern part of Riyadh city.
The move has no material impact on the company’s financials, as its Azizia Mall showroom, opened on 2 February 2020, will serve the area, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.
During the third quarter (Q3) of 2020, SACO saw a 12.57% rise in net profits after Zakat and tax to SAR 16.48 million from SAR 14.64 million in the corresponding quarter in 2019.
Source: Mubasher
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