24 Hrs
Source:
الاقتصادية
Abdullah Al Othaim Q2 Financials
The second quarter of 2026 results for Azizia Markets Abdullah Al Othaim are not satisfactory, as the company was affected by challenges in the digital transformation project and technological infrastructure, leading to weaknesses in supply chains and an increase in inventory provisions to 107 million Riyals compared to 22 million Riyals in the previous year. The Board of Directors and executive management are working to address these challenges through corrective measures, including operational improvements, enhanced control measures, as well as reviewing the organizational structure and implementing plans to strengthen leadership capabilities and competencies. The company remains confident in its future, focusing on restoring growth, increasing sales and profitability, speeding up digital transformation to improve customer experience and enhance operational efficiency, relying on its strong fundamentals, expertise, and its commitment to the Vision 2030 of Saudi Arabia to achieve sustainable growth.
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