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Abdullah Al-Othaim Markets

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Abdullah Al-Othaim Markets
Company typeJoint Stock Company
Tadawul: 4001
ISINSA1230K1UGH7 Edit this on Wikidata
IndustryRetail Trade
FoundedMay 21, 1980; 44 years ago (May 21, 1980)
FounderAbdullah Saleh Al-Othaim
Headquarters
Riyadh
,
Kingdom of Saudi Arabia
Number of locations
330 stores in Saudi Arabia, 46 in Egypt (2019)[1][2]
Area served
Saudi Arabia, Egypt[3]
Key people
Abdullah Al-Othaim
(Chairman)
Muaffaq Abdullah Mobarah
(chief executive officer) https://www.argaam.com/en/article/articledetail/id/1613610
ProductsFood and consumer goods and household appliances
RevenueIncrease SR 9.56 billion (2022) https://othaim-markets-umb.azurewebsites.net/media/tpwpov0q/investors-presentations-q4-2022-final.pdf
Total assetsIncrease US$1.5  Billion
Subsidiaries
  • Haley Holding Company, Universal Marketing Center Company, Bayt Al watan Company, Marafiq Operating Company, Shurofat Al Jazeera Company, Thamarat Al-Qassim Company, Mueen Recruitment Company, Seven Services Company (Speedi), Abdullah Al-Othaim Markets Company (Egypt)
WebsiteOthaimmarkets.com

Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. It is the subsidiary of Sheikh Saleh Ali Al Othaim Organization, which was founded in 1956. Its main activities are food wholesaling, grocery stores, and malls.[4][5]

With a presence in over 100 regions and cities, the company has achieved a vast geographical spread throughout the Kingdom. It has a high number of branches, with more than 323 branches inside the Kingdom till 2023, in addition to its spread outside the Kingdom, with 46 branches in the Arab Republic of Egypt.[6][7][8]

Forbes ranked the company third in the Arab World for retail executive management in 2016.[9] It also ranked the company in the top 100 companies in Saudi Arabian, and the top 200 companies in the Arab World.[10] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.[11]

History

1956 to 1980

In 1956 Al-Othaim Trading was established in Riyadh, Saudi Arabia by Sheikh Saleh Ali Al-Othaim. The foundation of Abdullah Al-Othaim Markets Company in 1980, which expanded commercial activities by building branches to sell wholesale and retail commodities.[12][13]

From 1981 to 2000

In 1990, Abdullah Al-Othaim Markets Company opened Store No. 14 and implemented the "Consumer Protection" method, making it one of the top markets in this industry. In 1992, The company's central warehouses with its quality requirements in dry and refrigerated storage were opened. The foundation of Al-Othaim Academy for Training and Development in the year 2000, with a total of 95,000 trainees to date.[14]

From 2001 to 2010

The "Iktissab" loyalty system was launched in 2004, and it is now one of the major loyalty networks in the Kingdom of Saudi Arabia. In 2007, the initiative of leaving halal donation from customers during store transactions to help official charities was launched.[15]

By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company in Saudi Stock Exchange “Tadawul”.[16][17]

From 2011 to 2023

In 2016, the first Othaim Markets outlets opened in Egypt where the Othaim Markets management decided to establish commercial chains to sell foodstuffs. With an initial amount of 144 million riyals, the first 15 branches were opened in 2016, as part of the expansion plan to establish chains under the name “Al-Othaim” in the Egyptian market. The launch of shop No. 300 in the Kingdom of Saudi Arabia in 2022.[18][19]

Affiliation

Abdullah Al-Othaim Markets Company is linked with several enterprises both within and beyond the Kingdom, including:[20]

  • Haley Holding Company
  • Universal Marketing Center Company
  • Bayt Al Watan Company
  • Marafiq Operating Company[21]
  • Shurofat Al Jazeera Company

References

  1. ^ Abdullah Al-Othaim opens 231st branch in Saudi Arabia Arab News. 23 October 2019
  2. ^ Al Othaim opens new store in Egypt Argaam. 17 November 2019
  3. ^ Al Othaim Markets opens sixth branch in Egypt، Argaam. 23 May 2016.
  4. ^ Abdullah Al Othaim Markets Co (TADAWUL:4001)، Google Finance.
  5. ^ Godfrey, Paul (24 February 2023). "Abdullah Al Othaim Investment Company reveals a $1.8bn 'treasure' in Riyadh". Middle East Construction News.
  6. ^ "Al-Othaim Markets adds 18 branches as it plans $226m stake sale of investment arm". Arab News. 22 August 2022.
  7. ^ "Google Finance - Stock Market Prices, Real-time Quotes & Business News". www.google.com.
  8. ^ "SAUDI ARABIA/FRANCE : Tikehau, Ardian, Rothschild, Bpifrance: French funds woo Al Othaim clan - 30/05/2023". Intelligence Online. 30 May 2023.
  9. ^ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  10. ^ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
  11. ^ "Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020". Arab News. 11 June 2020. Retrieved 8 September 2020.
  12. ^ "سر نجاح عبدالله العثيم.. «بيع الكثير مع الربح القليل»". alriyadh.com.
  13. ^ "Tadawul / 200 Listed Securities". 200listedsecurities.saudiexchange.sa.
  14. ^ "مؤسسة العثيم الخيرية". charity.othaimmarkets.com.
  15. ^ al-Saʻūdī, Muʼassasat al-Naqd al-ʻArabī (2009). "Annual Report".
  16. ^ "D and B Principal International Businesses". Dun & Bradstreet. 1 January 2009 – via Google Books.
  17. ^ "Directory of Corporate Affiliations". National Register Publishing Company. 1 January 2004 – via Google Books.
  18. ^ "16 ألف غرفة فندقية جديدة ستدخل السوق السعودي في 2018". arabic.arabianbusiness.com.
  19. ^ "«أسواق العثيم» تواصل افتتاح الفروع وتقديم أفضل المنتجات لعملائها". www.al-jazirah.com.
  20. ^ "ORGANIZATION AND ACTIVITIES" (PDF). argaamplus.s3.amazonaws.com.
  21. ^ "The Power and Water Utility Company for Jubail and Yanbu". saudiexchange.sa.
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