ISIN | SA1230K1UGH7 |
---|---|
Industry | Retail |
Founded | May 21, 1980 |
Headquarters | , |
Number of locations | 231 stores in Saudi Arabia, 45 in Egypt (2019) [1] [2] |
Area served | Saudi Arabia, Egypt [3] |
Key people |
Abdullah Al-Othaim (Chairman) Muaffaq Mubarah (chief executive officer) [4] [5] [6] |
Products |
hypermarket supercenter superstore supermarket |
Revenue | SR 7.65 billion (2018) [7] [8] |
Total assets | US$627.8 Million |
Website | www.othaimmarkets.com |
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. As of 2017 [update] the company operated 183 stores – 143 supermarkets and hypermarkets, 27 convenience stores, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt. [9]
By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company. [10] [11]
Forbes ranked the company third in the Arab World for retail executive management in 2016. [12] It also ranked the company in the top 100 companies in Saudi Arabian, [13] and the top 200 companies in the Arab World. [14] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East. [15]
In 1956, Al-Othaim Trading Company was established in Riyadh, Saudi Arabia, by Sheikh Saleh Ali Al-Othaim. Abdullah Al Othaim Markets Company was established in 1980, which included branches for the wholesale and retail sale of goods. [16] [17]
In 2008, Abdullah Al Othaim was listed on the Saudi Stock Exchange. [18]
In 2016, the first Othaim Markets outlets were opened in Egypt. The first 15 branches were opened in 2016, as part of the expansion plan to create chains under the name “Al-Othaim” in the Egyptian market. [19] [20]
The 300th store in the Kingdom of Saudi Arabia was launched in 2022. [21] [22]
In 2023, the company achieved sales worth $10.2 billion riyals, and operating profits grew by 3.2%. [23]
ISIN | SA1230K1UGH7 |
---|---|
Industry | Retail |
Founded | May 21, 1980 |
Headquarters | , |
Number of locations | 231 stores in Saudi Arabia, 45 in Egypt (2019) [1] [2] |
Area served | Saudi Arabia, Egypt [3] |
Key people |
Abdullah Al-Othaim (Chairman) Muaffaq Mubarah (chief executive officer) [4] [5] [6] |
Products |
hypermarket supercenter superstore supermarket |
Revenue | SR 7.65 billion (2018) [7] [8] |
Total assets | US$627.8 Million |
Website | www.othaimmarkets.com |
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. As of 2017 [update] the company operated 183 stores – 143 supermarkets and hypermarkets, 27 convenience stores, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt. [9]
By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company. [10] [11]
Forbes ranked the company third in the Arab World for retail executive management in 2016. [12] It also ranked the company in the top 100 companies in Saudi Arabian, [13] and the top 200 companies in the Arab World. [14] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East. [15]
In 1956, Al-Othaim Trading Company was established in Riyadh, Saudi Arabia, by Sheikh Saleh Ali Al-Othaim. Abdullah Al Othaim Markets Company was established in 1980, which included branches for the wholesale and retail sale of goods. [16] [17]
In 2008, Abdullah Al Othaim was listed on the Saudi Stock Exchange. [18]
In 2016, the first Othaim Markets outlets were opened in Egypt. The first 15 branches were opened in 2016, as part of the expansion plan to create chains under the name “Al-Othaim” in the Egyptian market. [19] [20]
The 300th store in the Kingdom of Saudi Arabia was launched in 2022. [21] [22]
In 2023, the company achieved sales worth $10.2 billion riyals, and operating profits grew by 3.2%. [23]