Al Othaim news

11 November 2019
As LuLu discusses its expansion plans for Saudi Arabia, Majid Al Futtaim, at a corporate level, aims to remove freely distributed plastics from across its operations and Deliveroo extends its coverage in the UAE, we round up news from the region. LuLu to expand in Saudi Arabia Speaking at an event in the country, LuLu’s chairman and managing director, Yusuff Ali, discussed the retailer’s pl...
07 August 2019
As LuLu, Al Othaim and Adnoc announce they are to continue their expansion, we round up news from the region. Majid Al Futtaim renews MoU for locally grown products UAE-based Majid Al Futtaim has renewed its Memorandum of Understanding (MoU) with the locally based Ministry of Climate Change and Environment (MOCCAE). The MoU sees Majid Al Futtaim commit to promote and sell locally grown agri...
17 July 2019
As Spinneys Egypt is bought by Investec Asset Management, 7-Eleven adds a new service and LuLu sets out expansion plans, we round up news from the region. Spinneys Egypt ownership changes A controlling stake in Spinneys Egypt has been acquired by Investec Asset Management. No financial details have been released about the purchase. Investec described Spinneys Egypt as one of the ‘ leading g...
28 April 2016
As Saudi Arabia-based Al Othaim and Panda Retail, with the latter part of the Savola Group, report their first quarter results and Qatar-based Al Meera maintains its expansion plans and highlights how its store growth has driven its first quarter results, we round up news from the region. Panda Retail investing in expansion in Q1 Saudi Arabia-based Savola has announced first quarter results...
05 January 2016
As UAE-based LuLu set outs expansion plans for Egypt following the opening of its first store in the country, Saudi Arabia-based Al Othaim investigates opportunities for the same country and Carrefour celebrates nine years in Jordan, we round up news from the region. LuLu aiming for 10 stores in Egypt after first store opens LuLu has opened its first store in Egypt, a c. 16,000 sq. m hyperm...
21 October 2015
As Qatar-based Al Meera undertakes the updating of its stores, Carrefour’s franchisee for the region, Majid Al Futtaim (MAF), freezes investment in Lebanon, 7-Eleven sets out its expansion plans for the UAE and Saudi Arabia-based Savola and Al Othaim announces Q3 results, we round up news from the region. Savola: Q3 results Savola, the owner of Saudi Arabia-based Panda, has announced third ...
11 September 2014
As Spinneys announces plans to export its private label globally, Qatar’s Al Meera confirms its expansion plans, while Casino’s Tunisia-based and Carrefour’s UAE-based franchisees reveal growth strategies of their own, we round-up news from retailers in Middle East and North Africa. Spinneys aiming to drive growth for ‘100 plan’ strategy As part of the retailer’s ‘Spinneys 100 plan’ – which...
11 July 2013
With different stories making the headlines in two Middle East markets, we round up stories from Qatar and Saudi Arabia. Al Othaim appoints new chief executive Saudi Arabia’s second largest grocery retailer, Othaim, has announced that it has appointed a new chief executive, Youssef Mohamed Al-Gafari. The retailer said that Al-Gafari had long term experience across a number of industries, incl...