Saudi Company for Hardware SJSC (SACO) is a Saudi Arabia-based company engaged in the hardware retail and wholesale business. Its household improvement products fall under different departments, such as lightings, automotive, bed and bath, electrical appliances, lawn and garden, toys, storage and organization, building materials, sports equipment, plumping supplies, pain and sundries, outdoor living, indoor furniture, house wares and hardware. It offers a group of home solutions, such as paints, floor and wall, bathroom accessories, power, keep your garden beautiful, electrical device holder, washing and ironing, cars travel, storage, dust, water and moving. The Company operates more than 20 stores in different cities and offers over 45,000 products. Furthermore it has warehouses in Central and Western region, as well as maintenance centers in Central, Eastern, and Western regions. Its subsidiary, Medscan Terminal Co, is a provider of long-distance freight trucking services.
During the first
quarter of 2021, sales at Saudi Company for Hardware SJSC totalled
336.39 million Saudi Arabian Riyals.
This is a drop of 6.0%
from the 358.04 million Saudi Arabian Riyals in sales at the company during the first quarter in 2020.
There appears to be at least some degree of seasonality in the sales at Saudi Company for Hardware SJSC: during 7 of the previous 8
years, sales were highest during the fourth quarter.
The exception to this was during 2013, when the
second quarter was the best quarter, accounting for
26% of sales (during that same year, the
fourth quarter accounted for 24% of sales).
Saudi Company for Hardware SJSC reported sales of 1.48 billion Saudi Arabian Riyals (US$395.14 million)
December of 2020.
a very small
increase of 1.6%
versus 2019, when the company's sales were 1.46 billion Saudi Arabian Riyals.
Sales of Supporting Services saw an increase
that was more than double the company's growth rate: sales were up
153.5% in 2020, from
21.18 million Saudi Arabian Riyals to 53.68 million Saudi Arabian Riyals.