Magdi Kitani

Arab-owned supermarket chain King Store plans a Tel Aviv Stock Exchange IPO within two years. The chain, generating 1.1 billion NIS annually, unveiled a 10 million NIS flagship store in Rosh HaAyin and seeks a major Tel Aviv location.

Supermarket chain King Store completed a 10 million NIS upgrade of its Rosh HaAyin flagship branch and announced plans for a Tel Aviv Stock Exchange IPO. The 6,500 sq m store blends mainstream brands with authentic Middle Eastern products.