Grohe Saudi Arabia: Al Hayat — A Leading Distributor of Grohe
Fawaz Hajjar, General Manager of Al Hayat Building Materials Company, talks about being the leading distributor of Grohe products in Saudi Arabia.
imported 2024-03-17 17:43:07
Fawaz Hajjar, General Manager of Al Hayat Building Materials Company, talks about being the leading distributor of Grohe products in Saudi Arabia.
Fawaz Hajjar is General Manager of Al Hayat Building Materials Company, a leading supplier of sanitary ware, faucets, water heaters and more. With 15,000 items, the company is one of the largest building material distributors in the kingdom.
I think net yields generally vary between 5% to 8%. But the targets are generally between 15% to 20%. That is very achievable. You wouldn’t want to come with a lower IRR. You are putting in so much money, but the yields are between 5% to 8%. Why the IRRs are high is because the capital growth is still very strong. Economic growth is still pretty aggressive at 5.5%. So, there is a lot of growth in the market.
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