Riyadh – Mubasher: Abo Moati for Bookstores Company opened a new iLahui-branded store in Saudi Arabia on Thursday, 9 July, with investments worth SAR 2.62 million.
The 373- square meter store in Jeddah is the seventh outlet for this brand and the company’s tenth retail exhibition in the kingdom, according to a stock exchange statement on Sunday.
The positive impact of the new store will reflect on the company’s financials as of the second quarter (Q2) of 2020. The outlet, moreover, is the first of its kind in Jeddah.
Located in Mall of Arabia, the investment comes in line with the company’s expansion plan and it contains more than 6,000 kinds of stationery, household, and luxury products.
