Riyadh – Mubasher: Saudi Company for Hardware (SACO) opened a new store "SACO World" on an area of 9,621 square metres in Riyadh on Wednesday.

SACO World is expected to increase the turnover and profitability of the company, according to a bourse filing on Thursday.

 The financial impact of the new store and the closing of Alworoud store will appear as of the second quarter of 2017.

The company noted that after the new opening, the total number of SACO World stores reached four inside the Kingdom and two in Riyadh.

This opining is the second one for SACO in 2017 to bring the total added sales area to 10,700 square metres after excluding the area of Alworoud closed store.