Saudi Co. for Hardware
TTADAWUL:400815.28
SAR
-0.42
(-2.68%)
ISIN
SA13Q051UK14
Return %
Stock
S&P 500
1Y
-52.61
14.20
3Y
-43.41
81.12
5Y
-74.01
68.34
Capital Structure
SAR
•
in mil. unless spec.Working Capital
SAR
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in mil. unless spec.Growth Rates
SAR
•
in mil. unless spec.Quarterly Revenue
SAR
•
in mil. unless spec.Quarterly Earnings Per Share
SAR
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in mil. unless spec.Quarterly Dividends Per Share
SAR
•
in mil. unless spec.Company Description
- CEO
- Abdel-Salam Bdeir
- Full Time Employees
- 2,035
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Prince Sultan Ibn Abdul Aziz street, extended between Al-Takhasusi street and Prince Turki Ibn Abdulaziz Road Riyadh Riyadh Province Saudi Arabia 11622
- IPO Date
- Apr 22, 2015
- Website
- saco.sa
- Similar Companies
- Business
- Saudi Company for Hardware SACO is a Saudi Arabia-based retail and wholesale company specializing in home improvement products. Founded in 1984 and headquartered in Riyadh, SACO operates over 35 stores across 19 cities, offering more than 45,000 products. Its core product categories include household and office supplies and appliances; construction tools and equipment; electrical tools and hardware; lighting; automotive; bed and bath; lawn and garden; toys; storage and organization; building materials; sports equipment; plumbing supplies; paint and sundries; outdoor living and indoor furniture; housewares; and related home solutions. SACO also provides comprehensive services such as delivery, installation, maintenance, freight forwarding, transportation, contract logistics, port handling, trans-shipment, warehouse management, and customs clearance, supported by its Logistics Services segment. The company sells products both through its extensive retail network and online platforms. In the last two years, SACO has undertaken a strategic transformation to improve operational efficiency and expand its market position. Recent major changes include management-driven turnaround programs that significantly improved profitability and margins starting in late 2024. The company reported a 16.8% year-over-year revenue increase in 2024, driven by new product categories and enhanced logistics services. It also cancelled a SAR 50 million unused credit facility in mid-2025 and proposed a share buyback plan to strengthen shareholder value. SACO has focused on expanding product offerings at competitive prices while reinforcing its position as the largest home improvement retailer and the leading distributor of Ace Hardware products in Saudi Arabia. SACO serves a broad customer base ranging from individual homeowners to professionals in the construction and home improvement sectors. The company employs approximately 2,400 staff and operates warehouses and maintenance centers strategically located in central, eastern, and western regions of Saudi Arabia. Subsidiaries such as Medscan Terminal Co provide long-distance freight trucking services complementing its logistics capabilities. With a capital base of SAR 360 million, SACO is publicly listed on the Saudi Stock Exchange (Tadawul) under ticker 4008.SR and continues to lead the home improvement retail industry in the Kingdom through its diversified product portfolio and integrated service offerings. Overall, SACO combines a wide array of branded products including 3M, Bosch, Karcher, Ace, Kenwood, Weber, Stanley, Makita, Philips, and others with advanced logistics and customer service solutions, maintaining its position as a comprehensive total home solution provider in Saudi Arabia. The company’s ongoing strategic initiatives focusing on market expansion, product innovation, and operational excellence underpin its growth trajectory and competitive standing in the regional retail sector.