Al-Othaim Records Double-Digit 2009 Growth

Saudi Arabian mass grocery retailer (MGR) Al-Othaim has reported a 10% year-on-year (y-o-y) increase in 2009 annual sales revenue to SAR3.1bn (US$803mn), largely off the back of organic store strengthening. One of Saudi Arabia's leading three MGRs by annual sales (see table), the company is well placed on a purely organic growth basis (discounting possible acquisitions) to continue recording double-digit annual sales growth in Saudi Arabia for the foreseeable future, bearing in mind how much room for growth we see in Saudi Arabia's MGR industry.

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