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08-Jan-2018

Al Othaim opens two new branches; network size reaches 189

Abdullah Al Othaim Markets Company [4001.SE] announced the opening of two new branches in the Kingdom. The first branch, located in Buraydah, covers an area of 1,703 sqm. Whereas, the second branch is located in Khamis Mushait in southwest Saudi Arabia. This brings the company’s total network size to 189.
 
Al Othaim: SAR124.00 as of 7 Jan. 2018, Rating: Buy, TP: SAR130.00/share, MCap: USD1,488mn, AOTHAIM AB/4001.SE
 

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