Choithrams, the popular UAE supermarket chain, will embark on a major expansion, which will see it opening a series of new stores in the UAE, Bahrain and Qatar, besides launching online shopping services in Bahrain and Qatar.
The supermarket chain also struck a partnership deal with Sainsbury’s to retail the UK major’s products in the UAE, Qatar and Bahrain as a preferred partner, as it marks the milestone of 50 years of operations in the UAE.
The company management, however, ruled out any plans to go for listing of the company on stock exchanges ‘anytime soon’, and said it would fund the proposed expansion plans from internal resources and bank finances.
