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13-Nov-2016

Al Othaim opens new supermarket in Qurayyat

Abdullah Al Othaim Markets [4001.SE] announced the opening of its newest branch in Qurayyat, marking the company’s 159th branch in Saudi Arabia. The new store is located next to the King Fahd Mosque and covers an area of ?? c1,000sqm. The company targets to open 15 new stores in Saudi in 2016. (Argaam)   Al Othaim: SAR85.51 as of 10 November 2016, Rating: Buy, FV: SAR127.00 per share, MCap: USD1,026mn, AOTHAIM AB / 4001.SE

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