24 Hrs
Source:
الاقتصادية
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Al Othaim Markets Q2 Financials
The Q2 2026 report for Abdullah Al Othaim Markets shows performance below expectations, as results were impacted by technical challenges that disrupted supply chains and inventory management. Stock provisions rose to 107 million riyals compared to 22 million riyals in the previous year. Nonetheless, the company is following a plan to address these challenges by reviewing operational processes and developing its digital infrastructure, with a focus on improving customer experience and restoring growth through digital transformation strategies and management skill development. The company remains confident in its future based on its solid foundations and expertise, aiming to boost growth and reduce costs while aligning with the objectives of Saudi Vision 2030.
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