Al-Othaim among region’s top 100 CEOs

Abdulaziz Abdullah Al-Othaim
Updated 17 July 2018
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Al-Othaim among region’s top 100 CEOs

Abdul Aziz Abdullah Al-Othaim, CEO of Abdullah Al-Othaim Markets Co., won at the recent Top CEO Awards 2018. The Top CEO Awards, organized by TRENDS magazine and INSEAD, the leading international business school, celebrates the region’s best-performing 100 CEOs from companies that are listed on the stock exchanges of Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait and Oman.

The judging panel consisted of international experts, specialists and auditors, who named the winners according to a ranking process based on hard facts, including business growth, profitability, sustainability and transparency. 

Al-Othaim expressed his appreciation for to the organizers and the judging panel and thanked the company’s management team. “Such remarkable results and achievements would have never materialized without the sincere and professional team work that placed Abdullah Al-Othaim Markets among the top FMCG retailers in the region backed by a wide variety of competitive services and offerings that meet our customers’ needs,” he said.

Over the past few years, Abdullah Al-Othaim Markets has been recognized among the top 100 brands in the Kingdom, according to a study by Al-Watan Saudi Arabia and Ipsos, based on scientific statistics and field surveys.


New Balance opens store in Riyadh

Updated 13 October 2018
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New Balance opens store in Riyadh

American multinational corporation New Balance Inc. (NB), a global leader in athletic footwear, apparel and accessories, opened its new store in the Saudi capital on Thursday. The store, located in the high-end Riyadh Gallery Mall on King Fahd Road, showcases women’s and men’s shoes, apparel and sportswear, sports equipment, and kids and lifestyle selections.

Top Brazilian footballer Carlos Eduardo de Oliveira Alves, who plays for Saudi Arabia’s Al-Hilal Club, cut the ribbon to mark the opening of the New Balance store. The inaugural ceremony was attended by a large number of industry leaders and top-notch executives of Apparel Group, which owns and operates the New Balance stores in Saudi Arabia.

Speaking on this occasion, Alves said: “I am happy to open the store of New Balance, with which I have been associated.” 

The footballer, who recently signed a two-year contract with New Balance endorsing the brand, called on the shoppers “to visit the store where they will be led into an interactive and immersive experience of the brand, welcomed by dynamic visuals.”

Referring to the range of the New Balance Athletics Inc., a statement released on this occasion, said: “The New Balance’s Riyadh store is roomy and bright, and presents the brand’s footwear and apparel in a raw-concrete environment.” 

New Balance, the Boston-based maker of trainers and running shoes, is planning to aggressively expand its presence in the Gulf region, increasing its store count to 50 by 2020. 

“The launch of this store is the pinnacle of our progress in the Kingdom and the Middle East, but it is also just the start,” said the statement, adding that the Boston-based company is excited to announce the release of the 247v2. As a contemporary evolution, the updated silhouette makes a nod to NB heritage, while further representing the intersection between where lifestyle and sport meet, it said. 

Alves, who inaugurated the New Balance store, plays for the Al-Hilal Club as a midfielder. He joined Al-Hilal in 2015, scored several goals for the club and won many honors. 

New Balance Athletics Inc., popularly known as New Balance, is among one of the world’s major sports footwear makers. 

This $3.8 billion company, which has more than 5,000 employees globally on its payroll, manufactures shoes with high-technical specifications such as, blended gel inserts and heel counters.