Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the opening of a new store in Riyadh.

The store spans across an area of 6,089 square meters and is located on the Southern Ring Road in the Aziziah district. It brings the total number of SACO stores to 34 stores across 18 Saudi cities.

SACO expects the new store opening to increase the turnover and profitability of the company and positively reflect on its shareholders, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.

The financial impact of the new Store will start as of the first quarter (Q1) of the fiscal year (FY) 2020.