‎SACO’s market share rising , profits spurred by turnaround plan: CEO

‎SACO’s market share rising , profits spurred by turnaround plan: CEO ‎SACO’s market share rising , profits spurred by turnaround plan: CEO

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Abdel-Salam BdeirCEOSACO

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Saudi Company for Hardware’s (SACO) CEO Abdel-Salam Bdeir said that the company continued to generate profit during the first quarter of 2025, after turning to profitability in Q4 2024, indicating that the main factor in this transformation is due to the commitment to implement the strategic turnaround plan announced in March 2023.

This plan helped boost sales and total income by providing more than 20,000 new high-quality items at competitive prices, he added, in an interview with Argaam.

The company’s revenue growth rate is higher than that of the retail market in the Kingdom with the same number of branches, which proves that SACO’s market share is increasing despite not opening new branches, in addition to the expansion of some new sections and items that were not previously present in the company, he further stated.

 

Abdel-Salam BdeirCEOSACO

Saudi Company for Hardware’s (SACO) CEO Abdel-Salam Bdeir said that the company continued to generate profit during the first quarter of 2025, after turning to profitability in Q4 2024, indicating that the main factor in this transformation is due to the commitment to implement the strategic turnaround plan announced in March 2023.

This plan helped boost sales and total income by providing more than 20,000 new high-quality items at competitive prices, he added, in an interview with Argaam.

The company’s revenue growth rate is higher than that of the retail market in the Kingdom with the same number of branches, which proves that SACO’s market share is increasing despite not opening new branches, in addition to the expansion of some new sections and items that were not previously present in the company, he further stated.

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