78 Days
Source:
الاقتصادية
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Al-Khazaf to Al-Iqtisadiya: Focus on Sustainable Growth
Alkhozef Saudi Company intends to expand its network of showrooms in Saudi Arabia to reach 69 outlets by the end of 2026, with the goal of supporting sustainable growth through the opening of new showrooms in selected locations based on market studies and customer needs. The expansion of showrooms is a key pillar of the company's strategy, aimed at strengthening its presence in both the local and international markets and developing various sales channels, with dedicated sales teams assigned to each sector. In the second half of 2026, the company recorded a 17% and 74% increase in sales in the tiles and electric water heater sectors, respectively, with an expected continued demand driven by construction and building projects in Saudi Arabia. The company also managed to improve its gross profit margin to over 33% through operational initiatives such as developing production lines and enhancing operational efficiencies, while focusing on human capital development. Additionally, it aims to address logistics cost challenges by optimizing supply chain management, benefiting from government initiatives to develop the logistics sector.
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