Saudi SACO permanently closes Al Qasr Mall showroom
The move has no material impact on the company’s financials, as its Azizia Mall showroom, opened on February 2, 2020
By Staff Writer, Mubasher
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.
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