Early Life
Abdullah Al Othaim was born in Riyadh, Saudi Arabia, in 1960. His grandfather was a cleric, and his father established a retail business in the mid-1950s. Abdullah attended Qadisiyah Primary School and later enrolled in college but dropped out to work with his father.
Rise to Success
After his father's death, Abdullah and his brothers inherited a sum, and he was the only one to continue in the retail business. He founded Abdullah Al-Othaim Markets in 1980. Over the years, he expanded the business, transforming it into a limited liability company in 2000 and later a joint-stock company. Abdullah Al-Othaim Markets was listed on the Saudi Stock Exchange (Tadawul) in 2008.
Key Business Strategies
Abdullah Al Othaim's success is attributed to strategic expansion, with the company establishing a strong presence in Saudi Arabia and expanding into Egypt. He focused on offering quality products at competitive prices, leading to strong sales growth. The company operates hypermarkets, supermarkets, convenience stores, and wholesale stores.
Philanthropy
Abdullah Al Othaim established the Abdullah Saleh Al Othaim and Sons Charity Foundation, supporting charitable initiatives across various sectors. The foundation supports charitable associations, housing programs, and health services. It also has programs that offer consumer goods at subsidized prices.