Al Othaim Markets rules out international expansions, says CEO

22/01/2015 Argaam

Al Othaim Markets has ruled out plans to pursue international expansions, said chief executive Youssef Al-Gafari.


The Saudi-based company seeks to boost its foothold in Saudi Arabia since it sees room for potential, he was quoted as saying in CNBC Arabiya.

The company’s new outlets contributed nine percent to fourth quarter 2014 total sales amounting to SAR 1.34 billion, Al-Gafari added.

The Tadawul-listed company posted a 6 percent increase year-on-year in Q4-2014 earnings to SAR 74.2 million, according to data available on Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read