Abdullah Al-Othaim Markets
 | |
| ISIN | SA1230K1UGH7  |
|---|---|
| Industry | Retail |
| Founded | 21 May 1980 |
| Headquarters | , |
Number of locations | 231 stores in Saudi Arabia, 45 in Egypt (2019)[1][2] |
Area served | Saudi Arabia, Egypt[3] |
Key people | Abdullah Al-Othaim (Chairman) Muaffaq Mubarah (chief executive officer)[4][5][6] |
| Products | hypermarket supercenter superstore supermarket |
| Revenue |  SR 7.65 billion (2018)[7][8] |
| Total assets | US$627.8 Million |
| Website | www.othaimmarkets.com |
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. As of 2017[update] the company operated 183 stores – 143 supermarkets and hypermarkets, 27 convenience stores, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt.[9]
By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company.[10][11]
Forbes ranked the company third in the Arab World for retail executive management in 2016.[12] It also ranked the company in the top 100 companies in Saudi Arabian,[13] and the top 200 companies in the Arab World.[14] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.[15]
History
[edit]In 1956, Al-Othaim Trading Company was established in Riyadh, Saudi Arabia, by Sheikh Saleh Ali Al-Othaim. Abdullah Al Othaim Markets Company was established in 1980, which included branches for the wholesale and retail sale of goods.[16][17]
In 2008, Abdullah Al Othaim was listed on the Saudi Stock Exchange.[18]
In 2016, the first Othaim Markets outlets were opened in Egypt. The first 15 branches were opened in 2016, as part of the expansion plan to create chains under the name "Al-Othaim" in the Egyptian market.[19][20]
The 300th store in the Kingdom of Saudi Arabia was launched in 2022.[21][22]
In 2023, the company achieved sales worth $10.2 billion riyals, and operating profits grew by 3.2%.[23]
References
[edit]- ^ Abdullah Al-Othaim opens 231st branch in Saudi Arabia Arab News. 23 October 2019
- ^ Al Othaim opens new store in Egypt Argaam. 17 November 2019
- ^ Al Othaim Markets opens sixth branch in Egypt، Argaam. 23 May 2016.
- ^ Chief Executive Officer and Executive Director, Abdullah Al-Othaim Markets Company، Bloomberg L.P site.
- ^ Abdullah Al Othaim Markets Company announces the Appointment of CEO، Argaam. 9 July 2013.
- ^ "Al Othaim names Muaffaq Mubarah as CEO". ArgaamPlus. Retrieved 10 July 2024.
- ^ Annual Report
- ^ Top Companies in the Arab World 2015 Archived 29 May 2016 at the Wayback Machine، Forbes Magazine.
- ^ Abdullah Al Othaim Markets Co (TADAWUL:4001)، Google Finance.
- ^ "D and B Principal International Businesses". Dun & Bradstreet. 1 January 2009 – via Google Books.
- ^ Directory of Corporate Affiliations. National Register Publishing Company. 1 January 2004. ISBN 978-0-87217-458-0 – via Google Books.
- ^ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
- ^ TOP 100 COMPANIES IN THE KSA 2016 Archived 13 August 2016 at the Wayback Machine Forbes Magazine
- ^ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
- ^ "Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020". Arab News. 11 June 2020. Retrieved 8 September 2020.
- ^ "سر نجاح عبدالله العثيم.. "بيع الكثير مع الربح القليل"". Archived from the original on 23 October 2023.
- ^ "Tadawul / 200 Listed Securities". 200listedsecurities.saudiexchange.sa. Archived from the original on 7 February 2023. Retrieved 28 October 2023.
- ^ D and B Principal International Businesses – Dun & Bradstreet, 2009 – Page 112 Archived 2 April 2018 at the Wayback Machine
- ^ "العثيم" تعزيزاً لسياستها التوسعية في الأسواق المصرية، جريدة الرياض، دخل في 15 ابريل 2016م. Archived 2018-04-02 at the Wayback Machine
- ^ "أسواق العثيم" السعودية تعلن استثمار 144 مليون ريال في مصر خلال 3 سنوات، أريبيان بزنس، دخل في 16 ديسمبر 2015. Archived 2018-07-08 at the Wayback Machine
- ^ "16 ألف غرفة فندقية جديدة ستدخل السوق السعودي في 2018". Archived from the original on 31 May 2023.
- ^ ""أسواق العثيم" تواصل افتتاح الفروع وتقديم أفضل المنتجات لعملائها". www.al-jazirah.com. Archived from the original on 18 October 2023. Retrieved 28 October 2023.
- ^ ""أسواق العثيم" للعربية: مبيعاتنا في 2023 تخطت 10 مليارات ريال".