Abdullah Alothaim News Today

Grocery Retail Market To Witness Huge Growth By 2026 | NESTO, Panda, Carrefour

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Walmart is collaborating with PHA and Higher Ground Productions US: How online natural retailer Thrive Market is going climate-positive Thrive Market has always been an eco-conscious enterprise, offering foods made of real ingredients that are safe for the environment, delicious and fairly priced. Already, the e-retailer has committed to a no-air-shipping policy and utilizing all-recyclable shipping materials; it also recently earned B Corp certification. But Thrive Market isnt stopping there:...

Carrefour International Partnership and Nordic Coops: New commercial Partnership Saudi grocer Othaim sales dip a year on from panic buying supermarket sweep Saudi supermarket chain Abdullah Al Othaim Markets reported a 42% drop in first quarter profit, a year on from the early panic-buying days of the pandemic. Net profit fell to SR57.7mln ($15.4mln) for the first 3 months of the year from almost SR100mln a year earlier, the company said in a Tadawul filing. Sales fell 11.9% over the same perio...

Abu Dhabi stocks closed out the week with a host of robust corporate earnings topping market expectations and stoking investor confidence. Saudi stocks, on the other hand, ended lower with earnings weighing them down. Abu Dhabi Securities Exchange ended the day higher by 0.6 per cent to 6,152 points, and is up 1.7 per cent for the week, with signs that more listed companies are plotting their way out of last years subdued activity. The weekly gains mark a reversal from two consecutive weeks ...

DUBAI: Saudi supermarket chain Abdullah Al Othaim Markets reported a 42 percent drop in first quarter profit, a year on from the early panic-buying days of the pandemic. Net profit fell to SR57.7 million ($15.4 million) for the first three months of the year from almost SR100 million a year earlier, the company said in a Tadawul filing. Sales fell 11.9 percent over the same period to about SR2.1 billion. The company said that the decline followed the “abnormal growth in retail sales as a resu...

Abdullah Al Othaim consortium to acquire Saudi milling firm for $229m RIYADH, 6 hours, 13 minutes ago Saudi-based Abdullah Al Othaim Markets Company has announced that its consortium with Allana International and United Feed Manufacturing Company has signed a deal worth SR859 million ($229 million) with National Center for Privatization to acquire the Fourth Milling Company.   A joint venture agreement would be signed to organise the relations among the consortium members through a holding...

Successful mega-bids placed for Kingdom's Second and Fourth milling companies

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Winners of the latest The award of each Milling Company was decided based on the highest financial bids submitted by qualified strategic investors, which were thoroughly reviewed to ensure adherence to the terms stipulated in the Request for Proposal for the second batch of the privatization, in accordance with the privatization of the flour milling, as shown below. The Second Milling Company was picked up by a consortium of Abdulaziz AlAjlan Sons Co. for Commercial and Real Estate Investments,...