Al Othaim opens new store, now operates total of 146 locations in Saudi Arabia
Abdullah Al Othaim Markets Company (4001.SE) announced the opening of its newest branch in Qunfudah, marking the company’s 146th location in Saudi Arabia. The store covers a retail area of 2,500sqm and is located between King Fahd bin Abdul Aziz road and the western Corniche, said CEO Youssef M. Al Gafari. The company is targeting to open a total of 15 new branches in 2016. (Argaam) Al Othaim: SAR97.44 as of 17 May 2016, Rating: Buy, FV: SAR109.00 per share, MCap: USD1,169 million, AOTHAIM AB / 4001.SE
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