Abdullah Al Othaim Markets (4001.SE) announced the opening of its newest branch in Egypt marking the company’s ninth location in the country. The store covers a retail area of 750 sqm and is located in Shubra Al Kheima, Cairo. This is part of the company’s expansion strategy outside Saudi Arabia, with the company planning to open stores in Egypt at a total investment cost of SAR144mn. (Mubasher) Al Othaim: SAR76.25 as of 29 September 2016, Rating: Buy, FV: SAR127.00 per share, MCap: USD915mn, AOTHAIM AB / 4001.SE
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