Saudi Company for Hardware closes its Store in Hafar Al Batin city

Saudi Company for Hardware (SACO) announces the closure of its store in Hafar Al Batin city as of 01-12-2021, due to Store operations that continue below the desired expectation, and because it is unlikely that the results will improve in the near future.

This is store was opened in 17-09-2017, Noting that the financial impact of this closure is immaterial and will appear in the financial statements of the fourth quarter of the year 2021.

The company will continue opening new stores in new locations and geographic areas in the Kingdom.