Consumer spending slowdown in the third quarter contributes a 5.5% y-o-y drop in YTD revenue to SAR 4,220.8 million
Operating improvements as well as higher other operating income contributed to a sterling EBITDA growth of 7.7% YTD
Related parties settled SAR 272 million in outstanding balances to support deleveraging which helped the company pay down SAR 300 million of debt in October
Progress on divestment program: LOI signed with Abdullah Al Othaim Fashion Company to divest 22 brands in KSA, exit from the Balkans complete and LOI in place for disposal of US operations
International operations and Online continue strong momentum delivering 8% and 35% growth YTD respectively