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14-Feb-2017

Al Othaim opens its 17th store in Egypt

Abdullah Al Othaim Markets Company (4001.SE) announced the opening of its newest branch in Egypt, marking the company’s 17th location in the country. The store covers a retail area of 800sqm and is located in Heliopolis in Cairo. The company is planning to open additional stores in Egypt during the year. (Argaam)   Al Othaim: SAR104.50 as of 13 Feb. 2017, Rating: Buy, TP: SAR109.00/share, MCap: USD1,254mn, AOTHAIM AB/4001.SE 

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