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23-Jun-2016

Al Othaim opens 12th new store in KSA this year

Abdullah Al Othaim Markets Company (4001.SE) announced the opening of its newest branch in Jizan, marking the company’s 154th location in Saudi Arabia. The company targets to open 15 new stores in Saudi in 2016. (Argaam)   Al Othaim: SAR99.50 as of 22 June 2016, Rating: Buy, FV: SAR127.00 per share, MCap: USD1,194 million, AOTHAIM AB / 4001.SE

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