Al Othaim market share hits 21%, results remain balanced: CEO

Muwaffaq Mubarak, CEO of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co. operates a network of 411 branches across Saudi Arabia, driving a 10% rise in customer numbers and boosting market share to 21%, CEO Muwaffaq Mubarak told Argaam.

This positive performance stemmed from strong performance at existing stores, new branch openings, higher service demand, and an improved shopping experience.

The Othaim Express and the Cash & Carry maintained strong momentum in Q2 2025, with the former posting customer growth amid coverage of residential areas and speedy service, he further stated.

Moreover, during the same period, Cash & Carry witnessed improved sales and operational efficiency, fueled by higher demand from small- and medium-sized enterprises (SMEs) as well as bulk-buying consumers.

Both Cash & Carry and Othaim Express support the Saudi-listed company’s diversification and customer expansion strategy, the top executive underlined.

Mubarak expects Al Othaim’s Q3 2025 performance to remain strong, driven by branch network growth, seasonal back-to-school demand, and improved purchasing power.

Al Othaim, according to the CEO, is investing in digital transformation and customer experience, adopting a strategy centered on smart expansion, operational efficiency, and growing real estate and operating contribution to drive long-term potential.

The renewal of the Dammam shopping center lease implied a direct impact on higher real estate income, not to mention contributing to financial stability going forward. The new agreement reflects current market value and enables stronger asset returns, he explained.

This lease already had a clear positive impact on Al Othaim’s past non-operating income, boosting income diversification alongside core operations.

On the company’s Q2 2025 results, Mubarak said the three-month performance was deemed balanced, despite seasonal shifts and market challenges. The second-quarter topline climbed by 3% YoY as operating profit rose 8.8% YoY, reflecting stronger margins and operating efficiency.

According to Argaam data, Al Othaim’s H1 2025 net profit fell 25% to SAR 117.5 million, compared to SAR 156.4 million a year earlier. The second-quarter earnings came in at SAR 41.1 million.