Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) announced on Tuesday opening a new showroom in Riyadh at a total investment cost of SAR 1.15 million, according to a bourse statement.
The new showroom, spread over 332 square meters, is the second under Abo Moati’s brand, MiniGood, and the sixth retail showroom in the Kingdom.
The financial impact of the newly opened branch is expected to be reflected on the company’s financial results for the fourth quarter of 2019.
Located in Al Yasmin district, the branch combines more than 10,000 items including stationery and household products.
The company added that opening a new branch comes in line with its strategy to expand its footprints in the retail market.
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