Abdullah Al-Othaim Markets

Abdullah Al-Othaim Markets
ISINSA1230K1UGH7 
IndustryRetail
Founded21 May 1980 (1980-05-21)
Headquarters
Riyadh
,
Saudi Arabia
Number of locations
465 stores (408 in Saudi Arabia, 57 in Egypt) (2024)[1]
Area served
Saudi Arabia, Egypt[2]
Key people
Abdullah Al-Othaim
(Chairman)
Muaffaq Mubarah
(chief executive officer)[3][4][5]
Productshypermarket
supercenter
superstore
supermarket
Revenue SAR 10.71 billion (2024)[6]
Total assets SAR 7.04 billion (2024)[7]
Websitewww.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 2024, the company operated 465 stores, including 408 in Saudi Arabia and 57 in Egypt.[8]

By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company.[9][10]

Forbes ranked the company third in the Arab World for retail executive management in 2016.[11] It also ranked the company in the top 100 companies in Saudi Arabian,[12] and the top 200 companies in the Arab World.[13] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.[14]

History

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.[15][16]

In 2008, Abdullah Al Othaim was listed on the Saudi Stock Exchange.[17]

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.[18][19]

The 300th store in the Kingdom of Saudi Arabia was launched in 2022.[20][21]

In 2024, the company reported revenue of SAR 10.71 billion, while net profit grew by 6.01% year-on-year.[22]

References

  1. ^ Annual Report 2024 (PDF) (Report). Abdullah Al Othaim Markets Company. 2025. Retrieved 2 March 2026.
  2. ^ Al Othaim Markets opens sixth branch in Egypt، Argaam. 23 May 2016.
  3. ^ Chief Executive Officer and Executive Director, Abdullah Al-Othaim Markets Company، Bloomberg L.P site.
  4. ^ Abdullah Al Othaim Markets Company announces the Appointment of CEO، Argaam. 9 July 2013.
  5. ^ "Al Othaim names Muaffaq Mubarah as CEO". ArgaamPlus. Retrieved 10 July 2024.
  6. ^ Annual Report 2024 (PDF) (Report). Abdullah Al Othaim Markets Company. 2025. Retrieved 2 March 2026.
  7. ^ Annual Report 2024 (PDF) (Report). Abdullah Al Othaim Markets Company. 2025. Retrieved 2 March 2026.
  8. ^ Annual Report 2024 (PDF) (Report). Abdullah Al Othaim Markets Company. 2025. Retrieved 2 March 2026.
  9. ^ "D and B Principal International Businesses". Dun & Bradstreet. 1 January 2009 – via Google Books.
  10. ^ Directory of Corporate Affiliations. National Register Publishing Company. 1 January 2004. ISBN 978-0-87217-458-0 – via Google Books.
  11. ^ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  12. ^ TOP 100 COMPANIES IN THE KSA 2016 Archived 13 August 2016 at the Wayback Machine Forbes Magazine
  13. ^ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  14. ^ "Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020". Arab News. 11 June 2020. Retrieved 8 September 2020.
  15. ^ "سر نجاح عبدالله العثيم.. "بيع الكثير مع الربح القليل"". Archived from the original on 23 October 2023.
  16. ^ "Tadawul / 200 Listed Securities". 200listedsecurities.saudiexchange.sa. Archived from the original on 7 February 2023. Retrieved 28 October 2023.
  17. ^ D and B Principal International Businesses – Dun & Bradstreet, 2009 – Page 112 Archived 2 April 2018 at the Wayback Machine
  18. ^ "العثيم" تعزيزاً لسياستها التوسعية في الأسواق المصرية، جريدة الرياض، دخل في 15 ابريل 2016م. Archived 2018-04-02 at the Wayback Machine
  19. ^ "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
  20. ^ "16 ألف غرفة فندقية جديدة ستدخل السوق السعودي في 2018". Archived from the original on 31 May 2023.
  21. ^ ""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.
  22. ^ Annual Report 2024 (PDF) (Report). Abdullah Al Othaim Markets Company. 2025. Retrieved 2 March 2026.
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