January 16, 2018 / 6:37 AM / a year ago

BRIEF-Saudi's SACO Announces Strategic Plan For 2019, 2020

Jan 16 (Reuters) - SAUDI COMPANY FOR HARDWARE:

* ANNOUNCES STRATEGIC PLAN FOR TWO YEARS 2019 AND 2020

* CONTINUES FOCUS ON GROWING CHAINS BY ADDING 7 STORES AND TOTAL OF 40 STORES BY YEAR END 2020 AND TOTAL RETAIL AREA OF 228,070 SQM

* SAYS STRATEGIC PLAN WILL BE FINANCED FROM OPERATING CASH FLOW AND SHARIA-COMPLIANT FINANCE RESOURCES Source text for Eikon: Further company coverage: )

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