SACO to open 7 new stores by 2020

16/01/2018 Argaam

 

Saudi Company for Hardware (SACO) announced its strategic goals for 2019-2020, including adding seven new showrooms to its current footprint.

 

The hardware manufacturer seeks to increase its branch network to 40 in Saudi Arabia and GCC by end of 2020, and enhance its product portfolio and competitive position to meet demand, the company said in a statement on Tadawul.

 

It said it will focus on e-commerce and innovative distribution channels to sustain market share, and continue to target efficient operation and cost optimization.

 

The company's strategic plans will be financed from internal resources and Sharia-compliant borrowing.

 

SACO added six new showrooms in the past two years.

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