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

  

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

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business