Saudi Company for Hardware (SACO) opened a new store in Riyadh, bringing up the total number of stores to 34 across 18 Saudi cities, according to a bourse statement on Monday.

 

Located at Southern Ring Road in Aziziah district, the store spans over 6,089 square meters (sqm).

 

“The new store opening is expected to increase the turnover and profitability of the company and will positively reflect on the shareholders,” the statement said.

 

The financial impact of the store will begin as of Q1 2020.

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