Saudi Company for Hardware (SACO) on Wednesday opened a new SACO World branch in Riyadh bringing the total number of branches to four within the Kingdom.

 

The new branch will replace Al Wurood’s branch which was recently closed, the company said in a bourse statement.

 

SACO expects the new branch to have a positive impact on its sales and net profit.

 

The financial effect of opening the new branch and shutting down the other one is expected to be reflected on second quarter’s financials, SACO added in its statement.

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