Saudi Company for Hardware (SACO) opened a new store in Jeddah, bringing up the total number of stores to 35 across 18 Saudi cities, according to a bourse statement.

 

Located at Town Square in Al Jamiah district, the store spans over 5,517 square meters (sqm).

 

The new store opening is expected to increase the turnover and profitability of the company and will positively reflect on the shareholders, the statement said.

 

The financial impact of the store will begin as of Q3 2020.

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