Grand Mart Group soon to enter Saudi market


24/03/2014 07:25 AST

Grand Mart Group, a Qatar-based fast growing retail chain, is making its entry into the Kingdom with the opening of its first outlet in Dammam on April 17. It will open another outlet in Riyadh soon.

At a launch function held at Sheraton Hotel here Thursday, Grand Mart Group Managing Director Ismail Chakarath said that the group has tied up with Al-Amoudi Group as their local partner. He said the Gand Mart Hypermarket in Dammam will be a state-of-art facility, spread across an area of 10,000 sq. ft. The hypermarket will primarily target families with a special focus on expatriates’ requirements. The facility will cover an array of services like foodcourts, children’s play area, exchange and salon. The Hypermarket will have an assortment of more than 45,000 articles on its shelves.

In Riyadh, the Hypermarket will be opened near King Fahd Internationail Stadium. Compared to Dammam outlet, this will be a little smaller outlet with a retail area of around 40,000 sq. ft. with more than 14,000 articles on its shelves catering to the needs of families from different countries and different ethnic groups. The launch ceremony was also attended by Grand Mart Group Chairman Jassim Thamer Iesa Thamer Al-Thani and Al-Amoudi, Group Chairman Abdul Rahman Ahmad Al-Amoudi.

Grand Mart Group is one of the fastest growing groups in the GCC with presence in retail, wholesale, travel and tourism, restaurants, bottled water, bakery products, IT services, refrigeration and air-conditioning solutions, etc.

The retail division of the Grand Mart aims at enabling the end customers to benefit the maximum, from the company’s expertise in distribution of goods and services. The company started retail division in 2005 by opening its first supermarket in Souque Al Faleh called Pinoy Supermarket which was primarily focused on Filipino customers. Soon enough another venture in Al Khor called Sealand Hypermarket was launched, now both of these stores renamed as Grand Mart

Saudi Gazette
Economic and Business News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 24.71 572,351
BKMB 0.44 529,503
QNBK 151 54,950
RIBL 11.24 18,932,861
GFH 0.51 4,000
SABIC 95.39 5,476,743
ZAIN.TASI 8.47 12,630,130
Recent News

Oman's share index rises on strong buying
n the back of strong buying in Bank Sohar and Ooredoo, the MSM30 Index gained 0.68 per cent to close at 5,654.74 points. The MSM Sharia Index finished at 850.72 points, down 0.20 per cent. Bank Sohar

Bank Muscat wins JP Morgan elite award for error-free fund remittance
Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious award from JP Morgan Bank in recognition of its operational excellence in the field of dollar payments pr

New AAOIFI guidance on gold emphasises real deal
Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold tra

Ooredoo eyeing acquisition of ICT company
Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti and Sheikh Abdulla bin Mohammed bin Saud Al Thani, Chairman of Ooredoo yesterday inaugurated the new server floor at Ooredoo’s

Qatar to spend QR46bn ($13bn) on mega projects in 2017
Qatar will invest up to $13 billion in major infrastructure projects next year, the finance minister said on Tuesday.

Minister of Finance H E Ali Shareef Al Emadi predicted growth of 3.4 p

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?