Abdullah Al-Othaim Markets

In 1956 Al-Othaim Trading was established in Riyadh, Saudi Arabia by Sheikh Saleh Ali Al-Othaim. The foundation of Abdullah Al-Othaim Markets Company in 1980, which expanded commercial activities by building branches to sell wholesale and retail commodities.[13][14]

In 1990, Abdullah Al-Othaim Markets Company opened Store No. 14 and implemented the "Consumer Protection" method, making it one of the top markets in this industry. In 1992, The company's central warehouses with its quality requirements in dry and refrigerated storage were opened. The foundation of Al-Othaim Academy for Training and Development in the year 2000, with a total of 95,000 trainees to date.[15]

The "Iktissab" loyalty system was launched in 2004, and it is now one of the major loyalty networks in the Kingdom of Saudi Arabia. In 2007, the initiative of leaving halal donation from customers during store transactions to help official charities was launched.[16]

By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company in Saudi Stock Exchange “Tadawul”.[17][18]

In 2016, the first Othaim Markets outlets opened in Egypt where the Othaim Markets management decided to establish commercial chains to sell foodstuffs. With an initial amount of 144 million riyals, the first 15 branches were opened in 2016, as part of the expansion plan to establish chains under the name “Al-Othaim” in the Egyptian market. The launch of shop No. 300 in the Kingdom of Saudi Arabia in 2022.[19][20]

The number of associations benefiting from this project has surpassed 15 in the Kingdom, and total donations have exceeded (10) million riyals since the program's inception.[26]

Dedicated to specific groups in society, disbursed through charities, and over 100,000 families benefited from them through more than 60 charitable societies in the Kingdom, as financial support provided by Al-Othaim Markets in this programme totaled more than 148 million riyals until the end of the first quarter of the current year 2023. Abdullah Al-Othaim Markets Company contributed more than 36 million riyals to the purchase of charity associations in the Kingdom of Sanabel Al-Khair cards until the conclusion of the first quarter of the current year 2023.[27]

Several agreements were negotiated to support the programmes of a variety of philanthropic organisations and institutions in the Kingdom, including the Voice Down Syndrome Association and others.[28]

The Iktissab programme is the first integrated programme sponsored by Abdullah Al-Othaim Markets Company, Al-Othaim Charitable Foundation, and Iktissab Company, which is linked with Abdullah Al-Othaim Markets Company. The program's concept is centred on giving consumer and food commodities to the ultimate consumer who belongs to one of society's target groups at a reasonable and subsidised price. Customers who shop receive direct subsidies on a variety of essential and basic items, with a monthly maximum subsidy limit of 200 riyals per recipient. Until the end of the first quarter of the current year 2023G, total assistance amounted to more than 41 million riyals.[29]