Abdullah Al Othaim Markets’ net income increased 6.6% y-o-y in 2024 at SAR 523.1 mn, spurred by a SAR 161.3 mn gain from Fourth Milling’s IPO and a 4.7% uptick in sales, it said in a disclosure to Tadawul. Meanwhile, revenues rose 4.7% to 10.7 bn on the back of higher sales at new and existing outlets.

On a 4Q basis: The Tadawul-listed grocery chain operator’s bottomline grew 72.9% y-o-y at SAR 286.5 mn in 4Q 2024, while topline was up 2.6% at 2.65 bn over the same period.

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