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Istanbul-based fashion retailer Koton has opened its first corporate store in Abha, a city in southwest Saudi Arabia, as part of its broader expansion strategy across the Gulf Cooperation Council (GCC) region.
The store, located in Rashid Mall, spans a total area of 977 square meters, making it the company’s largest store by floor space in the Gulf to date.
The company described the opening as a step aligned with its strategic growth plan in the Gulf, where it already maintains stores in the United Arab Emirates, Bahrain, Oman, and Qatar. With the addition of Saudi Arabia, Koton now operates in five countries across the region.
In a filing to the Public Disclosure Platform on Monday, Koton stated that preparations are underway to enter the Kuwaiti market in the near future, further strengthening its footprint in the GCC. The company expressed expectations that these developments will contribute positively to its international operations.
Al Rashid Mall in Abha is one of the city’s major shopping and leisure destinations, located on King Fahd Road roughly a 15‑minute drive from Abha International Airport. The mall features several hundred retail outlets, including international fashion brands, electronics stores, restaurants, cafes, and entertainment options such as a cinema and family play areas.
Founded in 1988, Koton currently operates 458 stores globally, including 242 in Türkiye and 216 abroad. Despite achieving ₺25.08 billion ($765.1 million) in revenue in 2024, the company reported a net loss of ₺396.97 million ($12.1 million), according to its latest financial disclosures.
Koton’s shares on Borsa Istanbul rose approximately 3% during the day, ahead of the after-hours announcement of the store opening.
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