Al Sadhan Expanding To Consolidate Position

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Saudi Arabian hypermarket operator Al Sadhan Trading Group has announced a major expansion in its home market, with plans to open 18 hypermarkets in the country as a part of its US$300mn expansion drive. These expansions will be financed in part by the recent strong growth experienced by the 10 existing hypermarkets. According to company representatives, Al Sadhan will open the hypermarkets over the next five years, with three new stores planned for Riyad in 2007, and four hypermarkets in Jeddah in 2008. These expansions are being undertaken with an eye to consolidating Al-Sadhan's market position in preparation for the