Abdullah Al Othaim Investment reveals its expansion plan by 2030

Abdullah Al-Othaim Investment Company has revealed its expansion plan until 2030, which foresees the opening of 20 new commercial complexes in different regions, in in particular Jubail, Khobar, Jeddah, Makkah and Madinah, for a cost of over 10 billion riyals.

The plan is expected to create more than 30,000 jobs by 2030.

It was a company Abdullah Al-Othaim Markets Interim dividend distribution announced in cash to shareholders for the first half of 2021, for a total of 180 million riyals, with 90 million shares.

The company stated in a statement in “Saudi Tadawul” that the share of the distribution share is two riyals per share, with a distribution ratio of 20% of the nominal value of the share.

Abdullah Al-Othaim Markets Company’s net profit fell 61.7% in the second quarter of questyear at 47.9 million riyals after zakat and taxes, compared to 125.25 million riyals in the same quarter of 2020.

Read More About: Business News

Leave a Reply