Strong set of Q4 2016 results
Al Othaim delivered a strong quarter. Q4 earnings were at an all-time high (+5.9% to SAR94.5m) backed by a high top-line level record (+24.1% to SAR1.928bn). FY2016 revenues grew up by 18.8% to SAR7.172bn. This evolution was mainly due to the development of the distributor’s network (174 stores: 160 in Saudi Arabia and 14 in Egypt as of Q4 2016). However, the annual gross margin rose by 120 bps to 17.7%.Abdullah Al Othaim Markets CompanySJSC Formerly known as Abdullah Al-Othaim Markets Company. Abdullah Al-Othaim Markets Company SJSC is a Saudi Arabia-based joint stock company engaged in the retail and wholesale trade of food stuff, in addition to constructing commercial malls and investing in their sales or leases. The Company undertakes wholesale trading in food supplies, fish, meat, cars and its spare parts, agricultural crops and livestock, and household equipment; constructing, managing, operating and maintaining of super markets, malls, and storage and cooling warehouses; cooked and non-cooked catering services; computer services, and operating and maintaining electrical and mechanical equipment. During the year 2011, the Company operated seven hypermarkets, 65 supermarkets, eight wholesale outlets and 26 corners.
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