Abo Moati opens new showroom with SAR 2 mln investment in Riyadh

20/03/2022 Argaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati)

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) opened, on March 17, a new showroom for the trademark "Ilahui" in Riyadh with investments worth SAR 1.95 million, the company said in a statement to Tadawul.

 

The showroom, located at Avenue Park in Qurtoba district, is spread across 266 square meters (sqm), and includes over 5,000 stationary, household and luxury items.

 

It added that the positive financial impact of this showroom will appear by Q1 of the fiscal year ending March 31, 2023.

 

The move is part of the company's expansion plan in the retail and luxury segments.

 

This is the 10th showroom for the brand, the 14th of the company's total retail showrooms in the Kingdom and the seventh in Riyadh.

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