Muwaffaq Mubarak, CEO of Abdullah Al Othaim Markets Co.
Muwaffaq Mubarak, CEO of Abdullah Al Othaim Markets Co., said the company operates 411 branches across Saudi Arabia, driving a 10% rise in customer numbers and boosting market share to 21%. 
He told Argaam that growth stemmed from strong performance at existing stores, new branch openings, higher service demand, and an improved shopping experience.
Othaim Express and Cash Carry maintained strong momentum in Q2 2025, with Express posting customer growth driven by residential area coverage and speedy service.
Cash Carry improved sales and operational efficiency, fueled by higher demand from small and medium-sized enterprises (SMEs) and bulk-buying consumers, while both Cash Carry and Express support the company’s diversification and customer expansion strategy.
Mubarak expects Q3 2025 performance to remain strong, driven by branch network growth, seasonal back-to-school demand, and improved purchasing power.
He added that the company is investing in digital transformation and customer experience, with a strategy centered on smart expansion, operational efficiency, and growing real estate and core income to drive long-term growth.
Renewing the Dammam shopping center lease boosted real estate income and future financial stability, as the new agreement reflects current market value and enables stronger asset returns.
The contract had a clear positive impact on non-operating income, boosting income diversification alongside core operations.
Q2 2025 results showed balanced performance despite seasonal shifts and market challenges, with revenue up 3% YoY and operating profit rising 8.8%, reflecting stronger margins and efficiency.
Despite this, H1 2025 net profit fell 25% YoY to SAR 117.5 million, compared to SAR 156.4 million a year earlier. Q2 profit came in at SAR 41.1 million, according to Argaam’s data.
Muwaffaq Mubarak, CEO of Abdullah Al Othaim Markets Co.
Muwaffaq Mubarak, CEO of Abdullah Al Othaim Markets Co., said the company operates 411 branches across Saudi Arabia, driving a 10% rise in customer numbers and boosting market share to 21%.
He told Argaam that growth stemmed from strong performance at existing stores, new branch openings, higher service demand, and an improved shopping experience.
Othaim Express and Cash Carry maintained strong momentum in Q2 2025, with Express posting customer growth driven by residential area coverage and speedy service.
Cash Carry improved sales and operational efficiency, fueled by higher demand from small and medium-sized enterprises (SMEs) and bulk-buying consumers, while both Cash Carry and Express support the company’s diversification and customer expansion strategy.
Mubarak expects Q3 2025 performance to remain strong, driven by branch network growth, seasonal back-to-school demand, and improved purchasing power.
He added that the company is investing in digital transformation and customer experience, with a strategy centered on smart expansion, operational efficiency, and growing real estate and core income to drive long-term growth.
Renewing the Dammam shopping center lease boosted real estate income and future financial stability, as the new agreement reflects current market value and enables stronger asset returns.
The contract had a clear positive impact on non-operating income, boosting income diversification alongside core operations.
Q2 2025 results showed balanced performance despite seasonal shifts and market challenges, with revenue up 3% YoY and operating profit rising 8.8%, reflecting stronger margins and efficiency.
Despite this, H1 2025 net profit fell 25% YoY to SAR 117.5 million, compared to SAR 156.4 million a year earlier. Q2 profit came in at SAR 41.1 million, according to Argaam’s data.
