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01-Dec-2016

Al Othaim opens its 11th store in Egypt

Abdullah Al Othaim Markets Company (4001.SE) announced the opening of its newest branch in Egypt, marking the company’s 11th location in the country. This is part of the company’s plan to open a total of 15 new stores in 2016. (Argaam)    Al Othaim: SAR94.24 as of 30 November 2016, Rating: Buy, FV: SAR109.00 per share, MCap: USD1,131mn, AOTHAIM AB / 4001.SE

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