UAE’s GMG ramps up investment in Saudi Arabia

Mohammad A. Baker, deputy chairman and CEO of GMG. (Supplied)
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Updated 26 January 2021
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UAE’s GMG ramps up investment in Saudi Arabia

  • Mohammad A. Baker, deputy chairman and CEO of GMG, told Arab News Saudi Arabia is of great importance to the company

JEDDAH: Gulf Marketing Group (GMG), a Dubai-based, family-owned holding company, is increasing its investments in Saudi Arabia by opening a brand new 23,000 square meter warehouse facility in Riyadh to serve its growing customer base in the Kingdom.

The new warehouse will serve the GMG Sports division of the group, which caters to Saudi consumers’ growing demand for sports apparel. It is known in the Kingdom for the brand Sun & Sand Sports.

Mohammad A. Baker, deputy chairman and CEO of GMG, told Arab News Saudi Arabia is of great importance to the company, highlighting that it has been operating in the Kingdom for over a decade.  

“We are a company founded in Dubai, and we have been operating in Saudi Arabia for over 10 years now. Saudi is a critical market for us, and we believe that, as a Gulf Cooperation Council nation company, there is a lot we need to contribute in terms of sports in the Kingdom.

“There has been amazing work that Saudi Arabia has been doing in terms of promoting sports … recently with the Dakar initiative — the first time in the region — there’s a lot of things happening with Saudi Arabia,” he added.

He explained that the company’s marketing strategy is quite simple: To serve the consumer and to make sports a part of their daily routine.

“We take in what the government wants and what is our expertise and then serve the consumer; find a way to connect to the consumer to encourage them to make sports a daily habit,” he said. “Sports should not be once in a blue moon, or a once-a-month initiative; it should be a daily habit. That’s my marketing strategy.”

GMG has built a very strong brand in the Kingdom through Sun & Sand Sports. Instead of viewing other companies as competitors, GMG focuses on its mission: To promote sports.

“We do not look at our competition actually, we look at how can we serve the consumer. Whatever the consumer is demanding, we should be in a position to provide that. Especially when it comes to retail and within the physical brick and mortar stores,” he said.

“We are no longer just a retailer that displays footwear and apparel in a store and gives it to the consumer. That is not what we do, we want to provide an experience for the consumer, and I think we were one of the first companies to do such a thing in Saudi Arabia.”

Pointing to the effects of the coronavirus disease (COVID-19) pandemic on the company last year, Baker applauded the Kingdom’s quick efforts to contain the spread of the virus.

“It was very unfortunate that humanity had to go through such a pandemic, but I think with the efforts that the government in Saudi Arabia has been doing to fight COVID-19, it has been remarkable … with the countless efforts that the General Sports Authority has also been focusing on in sports, I think we are in a very healthy position,” he said.

“The future is quite bright, and we are sure we are going to come out of this stronger than ever, and with the 2030 plans of the (Saudi) leadership, we believe that the Kingdom should be one of the world’s top economies.”


Closing Bell: Saudi equities continue 4-day upward trend 

Updated 14 January 2026
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Closing Bell: Saudi equities continue 4-day upward trend 

RIYADH: Saudi equities closed higher on Wednesday, with the Tadawul All Share Index rising 51.52 points, or 0.47 percent, to finish at 10,945.15. 

Trading activity was robust, with 373.9 million shares exchanged and total turnover reaching SR6.81 billion. 

The MT30 Index also ended the session in positive territory, advancing 11.93 points, or 0.82 percent, to 1,472.82, while the Nomu Parallel Market Index declined 116.82 points, or 0.49 percent, to 23,551.47, reflecting continued volatility in the parallel market.

The main market saw 90 gainers against 171 decliners, indicating selective buying. 

On the upside, Al Kathiri Holding Co. led gainers, closing at SR2.18, up SR0.12, or 5.83 percent. Wafrah for Industry and Development Co. advanced to SR23, gaining SR0.99, or 4.5 percent, while Al Ramz Real Estate Co. rose 4.35 percent to close at SR60.

SABIC Agri-Nutrients Co. added 4.21 percent to SR118.70, and Al Jouf Agricultural Development Co. climbed 4.12 percent to SR45. 

Meanwhile, losses were led by Saudi Industrial Export Co., which fell 9.73 percent to SR2.69. United Cooperative Assurance Co. declined 5.08 percent to SR3.74, while Thimar Development Holding Co. dropped 4.54 percent to SR35.30.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. retreated 4.15 percent to SR48.50, and Gulf Union Alahlia Cooperative Insurance Co. slipped 3.96 percent to SR10.44. 

On the announcement front, Saudi National Bank announced its intention to issue US dollar-denominated Additional Tier 1 capital notes under its existing international capital programe, with the final size and terms to be determined subject to market conditions and regulatory approvals.  

The planned issuance aims to strengthen Tier 1 capital and support the bank’s broader financial and strategic objectives.  

The stock closed at SR42.70, gaining SR0.70, or 1.67 percent, reflecting positive investor reaction to the capital management move. 

Separately, Almasane Alkobra Mining Co. said its board approved the establishment of a wholly owned simplified joint stock company to provide drilling, exploration and related support services, with a share capital of SR100 million and headquarters in Najran, subject to regulatory approvals.  

The new subsidiary aligns with the company’s strategy to enhance operational efficiency and expand its role in the Kingdom’s mining sector.

Shares of Almasane Alkobra Mining closed at SR98.70, up SR0.30, or 0.3 percent, by the end of the session.