Abdullah_Al-Othaim_Markets

Abdullah Al-Othaim Markets

Abdullah Al-Othaim Markets

Saudi Arabian company

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 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]

Quick Facts ISIN, Industry ...

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]

History

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]

References

  1. [1]
    Abdullah Al-Othaim opens 231st branch in Saudi Arabia Arab News. 23 October 2019
  2. [2]
    Al Othaim opens new store in Egypt Argaam. 17 November 2019
  3. [3]
    Al Othaim Markets opens sixth branch in Egypt، Argaam. 23 May 2016.
  4. [4]
    Chief Executive Officer and Executive Director,Abdullah Al-Othaim Markets Company، Bloomberg L.P site.
  5. [5]
    Abdullah Al Othaim Markets Company announces the Appointment of CEO، Argaam. 9 July 2013.
  6. [6]
    [https://www.argaam.com/en/article/articledetail/id/1613610.
  7. [7]
    Annual Report
  8. [8]
    Top Companies in the Arab World 2015 Archived 29 May 2016 at the Wayback Machine، Forbes Magazine.
  9. [9]
    Abdullah Al Othaim Markets Co (TADAWUL:4001)، Google Finance.
  10. [10]
    "D and B Principal International Businesses". Dun & Bradstreet. 1 January 2009 – via Google Books.
  11. [11]
    "Directory of Corporate Affiliations". National Register Publishing Company. 1 January 2004 – via Google Books.
  12. [12]
    TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  13. [13]
    TOP 100 COMPANIES IN THE KSA 2016 Archived 13 August 2016 at the Wayback Machine Forbes Magazine
  14. [14]
    THE TOP 200 COMPANIES IN THE ARAB WORLD 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  15. [15]
    "Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020". Arab News. 11 June 2020. Retrieved 8 September 2020.
  16. [16]
    "سر نجاح عبدالله العثيم.. «بيع الكثير مع الربح القليل»". Archived from the original on 23 October 2023.
  17. [17]
    "Tadawul / 200 Listed Securities". 200listedsecurities.saudiexchange.sa. Archived from the original on 7 February 2023. Retrieved 28 October 2023.
  18. [18]
    D and B Principal International Businesses – Dun & Bradstreet, 2009 – Page 112 Archived 2018-04-02 at the Wayback Machine
  19. [19]
    "العثيم" تعزيزاً لسياستها التوسعية في الأسواق المصرية، جريدة الرياض، دخل في 15 ابريل 2016م. Archived 2018-04-02 at the Wayback Machine
  20. [20]
    "أسواق العثيم" السعودية تعلن استثمار 144 مليون ريال في مصر خلال 3 سنوات، أريبيان بزنس، دخل في 16 ديسمبر 2015. Archived 2018-07-08 at the Wayback Machine
  21. [21]
    "16 ألف غرفة فندقية جديدة ستدخل السوق السعودي في 2018". Archived from the original on 31 May 2023.
  22. [22]
    "«أسواق العثيم» تواصل افتتاح الفروع وتقديم أفضل المنتجات لعملائها". www.al-jazirah.com. Archived from the original on 18 October 2023. Retrieved 28 October 2023.
  23. [23]
    ""أسواق العثيم" للعربية: مبيعاتنا في 2023 تخطت 10 مليارات ريال".
Share this article:

This article uses material from the Wikipedia article Abdullah_Al-Othaim_Markets, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.