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Trades about 46% below its sector, cheaper than its peers on earnings.
Operating across Saudi Arabia and the broader Gulf region, Al Majed Oud Co. specializes in the wholesale and retail of an extensive range of fragrances. Its offerings encompass traditional scents such as oud, musk, incense, and saffron, as well as a diverse selection of oriental and western perfumes. Beyond its core fragrance business, the company's retail segment includes cosmetics, bags, eyewear, antiques, gift items, and ornamental flowers. Al Majed Oud also undertakes the manufacturing of various products, including air fresheners, deodorizers, distinct men's and women's perfumes, oud oil, and agarwood and incense articles. Furthermore, it provides blending and packaging services for perfumes, essential oils, and botanicals. Consumers can access these products through the company's network of stores and its e-commerce platform. Established in 1956, Al Majed Oud Co. maintains its principal office in Riyadh, Saudi Arabia.
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