Moafaq Mubarak, CEO of Al Abdullah Al Othaim Markets Co.
Moafaq Mubarak, CEO of Al Abdullah Al Othaim Markets Co., said the company’s market share rose to 22% nationwide and 29% in Riyadh, supporting future growth. 
He told Al Ekhbariya the 115 new stores opened from 2023–2025 lifted the total to 400+, temporarily raising costs but representing long-term investments, with new branches taking three to five years to break even.
On financials, Mubarak said third-quarter sales and market share continued to grow, with a 6% year-on-year (YoY) sales increase.
He noted Saudi retail is highly competitive but said the company’s logistics, branch network, and 500+ supplier relationships give it an edge, while e-commerce sales rose over 4% in September.
Al Othaim plans to moderate expansion to sustain comparable sales, targeting regions with under 15% market share like Jeddah, opening 10–12 stores in 2025–2026 versus 50–60 in previous years.
Mubarak said the recent Amazon partnership expands e-commerce reach across 114 Saudi cities and provinces, with benefits expected to emerge soon.
He said the group is diversifying, holding a 68% stake in labor services firm Almon Power, which has grown over two years, while expanding into business and student services and boosting e-commerce to meet long-term goals.
He expects rice prices to remain stable or trend lower over the next six months amid balanced supply and demand.
Mubarak is optimistic on domestic market activity, noting customer growth of roughly 10% annually, supporting better fourth-quarter results and continued growth next year.
Al Othaim’s profits fell to SAR 135 million in the first nine months of 2025, from SAR 225.5 million in last-year period; third-quarter profits reached SAR 17.5 million, according to Argaam’s data.
Moafaq Mubarak, CEO of Al Abdullah Al Othaim Markets Co.
Moafaq Mubarak, CEO of Al Abdullah Al Othaim Markets Co., said the company’s market share rose to 22% nationwide and 29% in Riyadh, supporting future growth.
He told Al Ekhbariya the 115 new stores opened from 2023–2025 lifted the total to 400+, temporarily raising costs but representing long-term investments, with new branches taking three to five years to break even.
On financials, Mubarak said third-quarter sales and market share continued to grow, with a 6% year-on-year (YoY) sales increase.
He noted Saudi retail is highly competitive but said the company’s logistics, branch network, and 500+ supplier relationships give it an edge, while e-commerce sales rose over 4% in September.
Al Othaim plans to moderate expansion to sustain comparable sales, targeting regions with under 15% market share like Jeddah, opening 10–12 stores in 2025–2026 versus 50–60 in previous years.
Mubarak said the recent Amazon partnership expands e-commerce reach across 114 Saudi cities and provinces, with benefits expected to emerge soon.
He said the group is diversifying, holding a 68% stake in labor services firm Almon Power, which has grown over two years, while expanding into business and student services and boosting e-commerce to meet long-term goals.
He expects rice prices to remain stable or trend lower over the next six months amid balanced supply and demand.
Mubarak is optimistic on domestic market activity, noting customer growth of roughly 10% annually, supporting better fourth-quarter results and continued growth next year.
Al Othaim’s profits fell to SAR 135 million in the first nine months of 2025, from SAR 225.5 million in last-year period; third-quarter profits reached SAR 17.5 million, according to Argaam’s data.
