ALSAFY GROUP Competitors

Al Futtaim Group LLC

For over two decades, United Electronics Company- eXtra has established itself as the largest innovative electronics retailers in the Saudi market, catering to almost 14 million shoppers in 2023. eXtra's retail portfolio currently boasts 56 stores, 51 of which are in Saudi Arabia and 5 are in Oman and Bahrain, making the company stand as one of the largest consumer electronics retailers in the region. eXtra also pioneered the introduction of e-commerce in the consumer electronics segment back in 2011. By embracing digital transformation and automation, the company has evolved into a comprehensive digital platform. In 2023 closing, its online store and mobile applications contributed over 20% of its total sales, with revenues surpassing 6.2 billion Saudi riyals (SAR) and net profit reaching SAR 390.5 million (USD 104 million) in 2023. eXtra has consistently elevated its customer experience by expanding its online product range to over 6,500 items, and in 2023, it launched an advanced website and mobile app, significantly enhancing user satisfaction and boosting online sales.

Headquartered in Jeddah, Saudi Arabia, Zahid Group has successfully evolved over the course of the last century from its origins as a modest trading concern to becoming a multi-national organization encompassing a diverse portfolio of companies operating across 14 sectors. With a set of well-defined values as its foundation, the Group's success is built on long-standing partnerships and associations with globally renowned brands. With over 7,300 employees working in 30+ Group companies; Zahid Group companies operate in 14 sectors across 33 countries. Zahid Group has recently been certified as a Top Employer in Saudi Arabia. This certification is a testament to the Group's commitment to putting its people first and understanding what is important to them. Diversity, inclusion and competence are core cultural values that guide the Group. Zahid Group received the “Mowaamah” Golden Certificate from the Kingdom of Saudi Arabia’s Ministry of Human Resources and Social Development for its diversity and inclusion initiatives.