abdullah alothaim markets company announces expansion plan in egypt
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Abdullah al-Othaim Markets Company announces expansion plan in Egypt

Arab Today, arab today

Arab Today, arab today Abdullah al-Othaim Markets Company announces expansion plan in Egypt

Abdullah al-Othaim markets
Riyadh - MENA

Saudi Arabia's Abdullah Al Othaim Markets Company has announced a geographical expansion plan in Egypt through opening new stores across the country at a total investment of 144 million riyals.

"Whereas the Company found that the current opportunity and the economic conditions of the Egyptian market is favorable and encouraging in light of the continued growth in the population and increasing demand for goods and services, the Board of Directors has approved on 15/12/2015 the initial plan of geographical expansion through opening new stores in the Arab Republic of Egypt, with an investment amount equivalent to SAR 144 million over the next three years, " a statement by the company read.

It is expected that the commercial activities of the company will start during the first quarter of 2016.

According to the approved business plan, the company expects to start realizing operational profits from the third quarter of 2017.

It is worthy to be noted that the company will finance its aforementioned expansion plan through self-financing and borrowing.

The company will be investing in food retail and whole sale activities.

It had established a subsidiary company in Egypt in 2011 but has not engaged in any commercial activity since then.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

abdullah alothaim markets company announces expansion plan in egypt abdullah alothaim markets company announces expansion plan in egypt

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

abdullah alothaim markets company announces expansion plan in egypt abdullah alothaim markets company announces expansion plan in egypt

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 09:24 2018 Wednesday ,12 December

LuLu supports KFUPM Rectors Cup marathon

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 17:58 2011 Thursday ,18 August

Khaled Shaheen from German hospital to Jordanian jail

GMT 14:26 2018 Wednesday ,12 December

Canada standing on the wrong side of history

GMT 05:33 2017 Friday ,29 December

Apple, Epson face French legal pressure

GMT 14:14 2017 Saturday ,11 February

Ghada Adel praises participation with Adel Imam

GMT 19:57 2017 Friday ,17 February

Lebanese actors dominate Ramadan"s drama

GMT 05:00 2017 Saturday ,23 December

First Ryanair strike sees delays, but no cancellations

GMT 10:27 2017 Monday ,21 August

Shatha Hassoun keen to diversify works

GMT 10:58 2017 Thursday ,28 September

Rogina prepares for filming “Very Confidential”
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday