SACO opens new branch in Riyadh

16/06/2015 Argaam

Saudi Company for Hardware (SACO) on Sunday opened a new store in Riyadh, bringing the total number of its branches in the kingdom to 24, the company said in a statement to Tadawul on Tuesday.

 

“This new store is expected to play a major role in increasing turnover and profitability for shareholders,” said Sameer Muhammed Alhamidi, chief executive officer of the company.

 

Financial impact of the new store will start from the second quarter of 2015, the statement said.

 

SACO debuted on the Saudi Stock Exchange in May after raising over SAR 500 million riyals in an initial public offering. 

 

New Branches

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