Al Othaim opens three new stores in Saudi, two in Egypt over the past month
Abdullah Al Othaim Markets Company (4001.SE) announced the opening of a total of five new branches over the past month. In Saudi Arabia, the company launched a new location in Qunfudah (2,500 sqm), Rawdat Sudayr and Al-Kharj, bringing the total in the Kingdom to 148. Meanwhile, the company opened two new locations in Egypt, a store in Dokki (600 sqm) and another in Al Omraneya (total of five locations). The company is planning to launch a total of 15 new locations in Saudi Arabia in 2016. (Argaam) Al Othaim: SAR96.36 as of 22 May 2016, Rating: Buy, FV: SAR127.00 per share, MCap: USD1,156 million, AOTHAIM AB / 4001.SE
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