Abo Moati opens new showroom in Jeddah at SAR 2 mln investments

26/04/2021 Argaam

Logo of Abo Moati

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) opened a new showroom, under “Ilahui” brand, in Jeddah, the firm said in a bourse statement today, April 26, 2021.

 

The new showroom, which spans 291 square meters (sqm), is the eighth Ilahui store and the company’s 11th retail showroom in the Kingdom.

 

The showroom is in Al Yasmeen Mall in Al Samer district.

 

The volume of investments in the new showroom stands at SAR 1.98 million, and the positive financial impact will start from Q1 2021, the statement said.

 

This is the second showroom to open in Jeddah, and includes more than 5,000 stationery, household and luxury products. The new showroom falls within the company’s expansionary strategy in the retail and consumer discretionary segment, the company said.

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