Global Markets NewsOpenings, closures and market moves · Kuwait & the GulfSaved

Mall of Arabia

مول العرب

7 posts since 2016 · 6 openings · 1 market

24 October 2022

Golden Crown

Opening at Mall of Arabia

New Store Opening

We are very pleased to announce the opening of our 7th store in KSA at Al Rashid Mall in the city of Abha. We can't wait to welcome you all at our new store where you can unwind and discover our luxurious home, bath & body products from Rituals Cosmetics.

Saudi Arabia · 24 Oct 2022

Instagram ↗

1 May 2021

nichii

Opening at Mall of Arabia

New Store Opening

We are thrilled to announce that we opened our (28th store) Nichii store in Mall of Arabia Jeddah.

Saudi Arabia · 1 May 2021

LinkedIn ↗

22 December 2020

KIKO Milano

Opening at Mall of Arabia

New Store Opening

One more reason to celebrate! Look at this stunning new KIKO MILANO store located in the Mall of Arabia in Jeddah, Saudi Arabia. Come visit us!

Saudi Arabia · 22 Dec 2020

LinkedIn ↗

20 August 2019

Marks & Spencer

Contractual Relationship End at Al Salaam Mall

Fawaz Alhokair's M&S deal in Saudi ends, still partners elsewhere

DUBAI (Reuters) - Saudi Arabia’s Fawaz Abdulaziz Alhokair 4240.SE said on Wednesday its franchise agreement in the kingdom with British retailer Marks & Spencer (MKS.L) had ended, along with similar deals with a number of “non-performing” brands. Marks & Spencer (M&S) said in an email that its franchised stores in Saudi Arabia were transferred to Al-Futtaim Group in 2018. M&S has 15 franchised stores in Saudi Arabia. “We are focused on continuing to work with Al-Futtaim Group to develop and grow our business in Saudi Arabia,” M&S told Reuters. M&S still has a partnership with Alhokair in Armenia, Georgia and Kazakhstan, according to M&S’s website. M&S has more than 400 stores outside the United Kingdom, where it is a mainstay of shopping streets with more than 1,000 outlets. Its international business has been struggling, however, with revenues falling 14% and underlying operating profit down 6% in the year ended March 30, 2019. Alhokair also said on Wednesday it made a first-quarter net profit of 224 million riyals ($60 million), down 10.1% from the same period a year earlier. The firm, which owns franchise rights for brands including Mango, Zara and Banana Republic in the Middle East, said a decline in sales during the quarter was driven by the closure of non-performing stores and the disposal of weak brands as the group presses ahead with a “portfolio optimization strategy.”

Saudi Arabia · 20 Aug 2019

Reuters ↗

5 August 2019

Muvi Cinema

Opening at Mall of Arabia

Saudi cinema brand opens its first branch

DUBAI: The first Saudi cinema brand opened its maiden branch on Tuesday in Jeddah, state news agency SPA reported. Minister of Media Turki bin Abdullah Al-Shabana attended the opening of Muvi Cinema in Mall of Arabia, and watched a movie on one of its screens. The 15-screen cinema is fully managed by a team of Saudi nationals. “Honestly, this is an amazing achievement, I am happy it is a Saudi brand and it is something that inspires pride,” Al-Shabana said. There is an intertwined relationship between the Quality of Life program and society, he added. The partnership between Movie Cinema and Quality of Life program falls into the Saudi Vision 2030 plans, as it promises to build cinema complexes throughout the Kingdom.

Saudi Arabia · 5 Aug 2019

Arab News ↗

9 January 2019

Virgin Mega Store

Opening at Mall of Arabia

Virgin Megastore Celebrates the Opening of its 5th Branch in Jeddah

Jeddah, Saudi Arabia. December 2018. Virgin Megastore celebrated the opening of its latest branch in Mall of Arabia, marking their 5th store in Jeddah city, and 11th across the kingdom. Virgin Megastore was honored to host a massive crowd of VIPs, media, bloggers and social media influencers; amongst them was Dr. Musallam Bin Musallam, the Chairman & CEO of Ayan, and the majority shareholder at Virgin, Mr. Ahmed Bin Zagr, a contributing partner, and Mr. Saifudin Usher، the Saudi Consulate General of Britain. For the occasion of the opening, guests were offered to join the festival, a lively carnival themed activity that spreads cheer and festivity by offering all mall guests various games, eye-catching street performers, a live musical band, gifts and prizes,exclusive promotions, discounts, and many gifts. Since the opening of its first store in KSA, Virgin Megastore has proven to be the place to go for diverse product categories. Driven by its goal to provide a wide range of products that cater to changing trends and a variety of needs; from computers and accessories, electronics and multimedia, gaming, books, gadgets, gifts, music and movies, house gadgets, and event tickets. Virgin Megastore has proven to be one of the leading figures in retail entertainment on a global level as it aims to offer a blend of pop-culture and local traditions. “We have been working around-the-clock to achieve several successes this year, and make sure our stores are expanding across the kingdom. This counts as our third store opening during the 2nd half of 2018, with two more highly anticipated openings before the end of the year in Riyadh, and to have a celebrated new year, our team has high aspirations this year with the intent of opening the biggest virgin megastore in the world by 2019.” Commented Mr. Mohammed Ramdan – Virgin Megastore CEO.

Saudi Arabia · 9 Jan 2019

27 May 2016

Paul

Opening at Mall of Arabia

PAUL Opens at Mall of Arabia - Jeddah, KSA

PAUL’s success story dates back to its start as a humble bakery in northern France over 125 years ago. Enormous respect for tradition and use of the finest quality ingredients have made PAUL what it is today – a very successful international brand, part of France’s culinary and cultural heritage, catering to the French way of life in its selection of bread, viennoiseries, pâtisseries, sandwiches, soups and salads, plus a selection of signature French dishes. The value of quality fresh produce is at the heart of its success.

Saudi Arabia · 27 May 2016