RIYADH: Abdullah Al Othaim Markets Co. told Argaam that its total number of branches reached 312 in both Saudi Arabia and Egypt. The firm opened nine new branches in the first quarter of 2022, expanding its branch network by 7.31 percent. The Saudi Arabian retail network includes 268 stores, while the Egyptian network has 44 branches, generating 89.39 percent of sales. The remaining sales are generated by a wholesale division of the business. Al Othaim’s first quarter profit rose to about SR91 million ($24 million) from SR57.68 million recorded in the same period last year.