 | |
| ISIN | SA1230K1UGH7  |
|---|---|
| Industry | Retail |
| Founded | 21 May 1980; 45 years ago (1980-05-21) |
| 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 aSaudi 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 andhypermarkets, 27convenience 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 apublicly listed company.[10][11]
Forbes ranked the company third in theArab World for retail executive management in 2016.[12] It also ranked the company in the top 100 companies inSaudi Arabian,[13] and the top 200 companies in theArab World.[14] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.[15]
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 theSaudi 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]