Abo Moati opens new showroom with SAR 1.6 mln investment in Riyadh

24/11/2021 Argaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) opened, today, Nov. 24, a new showroom for the trademark "Minigood" in Riyadh, the company said in a statement to Tadawul.

 

This is the third showroom for the brand and the 13th of the company's total retail showrooms in the Kingdom.

 

The showroom, located at Riyadh-based Hayat Mall, is spread across 240 square meters (sqm), with investments worth SAR 1.64 million, the company noted.

 

It added that the positive financial impact of this showroom will appear by the end of the third quarter of the fiscal year ending March 31, 2022.

 

The move is part of the company's expansion plan in the retail and luxury segments.

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