The 2020 Mid-Year Economic Update_long

Rexel Enters Saudi Arabia through Joint Venture

Rexel will hold a 65 percent stake in Rexel Arabia Electrical Supplies.

Global electrical distributor Rexel, Paris, France, is entering Saudi Arabia through the creation of a joint venture with Al-Hobayb Group, a Saudi group with expertise in the electrical industry.

Headquartered in Riyadh, Rexel Arabia Electrical Supplies, of which Rexel own a 65 percent stake, will address both large-scale projects and the traditional electrical distribution market.

It targets annual sales of €25m (US$31.9 million) by 2017.

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