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18-Dec-2016

Al Othaim opens its 13th store in Egypt

Abdullah Al Othaim Markets Company (4001.SE) announced the opening of its newest branch in Egypt marking the company’s 13th location in the country. The store covers a retail area of 550sqm and is located in 5th settlement in Cairo. This is part of the company’s plan to open a total of 15 new stores in 2016. (Argaam)   Al Othaim: SAR93.59 as of 15 Dec, Rating: Buy, TP: SAR109.00/share, MCap: USD1,123mn, AOTHAIM AB / 4001.SE

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