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
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 147 119,837
SABIC 95.89 2,447,604
WARBABANK 265 805,745
GFH 0.72
AGLTY 650 2,407,748
EMAAR 7.25 3,887,625
MMG 12.55
Recent News

Oman shares fall taking cues from regional bourses
Following regional cues, the MSM30 Index dropped 0.22 per cent to finish at 5,617.68 points. The MSM Sharia Index closed at 843.70 points, down 0.32 per cent. Bank Sohar was the most active in terms

Oman well positioned to develop halal food industry, say experts
Oman has several advantages in tapping the growing market for Islamic or Sharia-compliant products and services across the world, according to Islamic finance experts, who attended a major conference

QSE holds educational day at Qatar University college to raise student
The Qatar Stock Exchange (QSE), in cooperation with Qatar University, yesterday held an educational day at the College of Business and Economics.

The event, which included a simulation tradi

QIB named the ‘Best Islamic Financial Institution in GCC’ by Global Fi
Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled lender, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf Cooperation Council (GCC)’ by the US-based Global Finance

Qatar-UK Forum to focus 'beyond real estate'
The high-profile Qatar-UK Business & Investment Forum, scheduled to be held in London and Birmingham next week, will provide a significant platform to further the important trade and investment relat

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?