Company: Al Othaim Holding
Country: Saudi Arabia
Wealth: 750 Million
Abdullah Bin Saleh Al Othaim is chairman of Al Othaim Holding, which operates over 80 supermarkets and hypermarkets across the Kingdom, as well as malls in Al Rabwa, Buraidah, El Ehsa, Khurais and Dammam, and several other real estate development projects. The group also runs a training and development academy for young Saudis.
The company began in 1956 as the Saleh Al Othaim Trading Establishment, founded by the late Saleh Al Othaim, and engaged in the field of foodstuff supplies.
It opened its first branch at Hilat Al Gusman, which is part of Al Batha area, in the heart of the business area of Riyadh.
In 1981 Abdullah bin Saleh Al Othaim and his brothers continued the work started by their father, expanding business through opening numerous commercial wholesale and retail sale centres and supermarkets. Quickly,
Al Othaim Markets Co
became one of the most distinguished players in the field of foodstuff and wholesale consumer products in the region.
Always keen to stay ahead of the competition, the group was among the first to build state-of-the-art warehouses with the latest dry and cold storage facilities, as well as build a huge fleet of distribution vehicles to render better services to clients and facilitate ever-greater cooperation with clients.
That innovation has been well rewarded: at the time of writing, Tadawul-listed
Al Othaim Markets
is up more than 17 percent year-to-date.