Fawaz Abdulaziz Alhokair opens 2nd Apple store in Jeddah

Riyadh – Mubasher: Saudi Arabia-based Fawaz Abdulaziz Al Hokair Company has inaugurated its second Apple product store in Jeddah under the name of Aleph.

Located in Al Yasmeen Mall, the fresh store will sell Apple products, offer technical support and maintenance services, according to a statement on Sunday to the Saudi Stock Exchange (Tadawul).

The Tadawul-listed firm noted that the sales of the first Apple product store surpassed SAR 35 million in a less than a six-month period.

Fawaz Abdulaziz Alhokair indicated that the new store’s financial impact will start to appear in its financials as of the first quarter of 2018.

By 12:12 pm KSA time, the stock rose 3.48%, reaching SAR 28.50.

Source: Mubasher