SACO eyes new stores openings, GCC expansion: CEO

10/04/2018 Argaam

 

Saudi Company for Hardware (SACO) seeks to open around 14 new stores over the next three years, with four set to open in 2018, chief executive Sameer Al-Hamidi told Argaam.

 

The company also plans to enter other GCC markets and open a store in Bahrain.

 

SACO will open a specialized technology department — selling mobile phones, tablets, gaming and related accessories — at its stores, amid plans to acquire a strategic stake in this market, Al-Hamidi noted.

 

It will also a new division for sell smart phones and related accessories at around 10-12 stores in the Kingdom over the next 6 months.

 

“These new divisions have lower profit margins due to fierce competition; however, we offer our products at attractive prices,” Al-Hamidi added.

 

SACO today opened its first specialized technology department at SACO World store in Riyadh, as part of the company’s strategic plan announced in February.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.