Welcome to Saco Investor Relations
SACO is a pioneer in the hardware retail and wholesale business, the largest total-solution home improvement superstore in the Kingdom of Saudi Arabia. Established in 1985, SACO has the buying power to import the best quality merchandise from all over the world.
Currently, there are 32 SACO retail outlets in 18 cities throughout the Kingdom. The stores carry over 45,000 different products on display and the store space extends over 4,500 to 24,000 square meters, all carrying 13 dedicated specialized departments. In addition to that, wholesale offices are supported by professional salespeople offering comprehensive services and delivering items directly to customers.
On behalf of the company’s Board of Directors, I am honored to introduce to you the operation results of Saudi Hardware Company – SACO – for the financial year 2015. It is to be noted that this is the first Ordinary General Assembly to be held after offering 30% of the company's shares for the public subscription in May 2015. The subscription was very successful and saw an excellent turnout (Praise be to God), a reflection of SACO’s long history that extends over three decades in serving various sectors, from retail and hardware, to tools and household improvement solutions. This longstanding history is why SACO is today a well-known commercial name at the local, regional, and international levels, given the growing confidence between the company and its international dealers.
Currently, there are Twenty Seven SACO retail outlets in Fifteen cities throughout the kingdom, with over 45,000 different products on display extended on 2500 to 22000 square meters store space, with 13 dedicated specialized departments. In addition to that, wholesale offices are supported by professional salespeople offering comprehensive services and delivering items directly to customers.