Sunday 20 April 2014
 
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Alhokair

Alhokair eyes US, UK buys; plans debut sukuk

Fawaz Abdulaziz Alhokair Co, the Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, is studying 3-5 acquisition targets in the US and UK, a company executive said on Monday. The firm, the lar

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Saudi's Alhokair sees Q3 profit up 21pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Company said its third-quarter net profit rose 20.7 per cent on the back of higher like-for-like sales and revenue from new store openings. Alhokair represents international brands such as

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Saudi retailer Alhokair Q2 profit up 11.8pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair posted an 11.8 percent rise in second-quarter net profit on Monday that fell short of analysts' forecasts despite increased sales from expansion of stores. The firm made a net pr

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Alhokair to open 250 stores this year

Saudi Arabian retailer Fawaz Abdulaziz Alhokair plans to open nearly 250 stores at home and abroad this financial year, a top executive said, as the kingdom's booming retail sector provides a platform to expand into new markets.

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Saudi Alhokair units sign $1.2bn financing deals

Saudi fashion retail giant Fawaz Abdulaziz Alhokair Company said two of its units have signed sharia-compliant financing facilities worth 4.6 billion riyals ($1.2 billio

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Saudi Alhokair units sign $1.2bn financing deals

Saudi fashion retail giant Fawaz Abdulaziz Alhokair Company said two of its units have signed sharia-compliant financing facilities worth 4.6 billion riyals ($1.2 billio

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Saudi retailer Alhokair net up 39pc

Saudi fashion retail giant Fawaz Abdulaziz Alhokair Company has registered a SR619.69 million ($165 million) net profit for the first quarter, up 38.5 per cent compared to SR447.38 million last year. Alhokair, which specialises in cloth

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Alhokair mulls expansion

Saudi-based retailer Fawaz Abdulaziz Alhokair Co said on Sunday its board has approved an expansion plan that covers Kazakhstan and could eventually involve Egypt, Jordan and the UAE. 'This step fulfils the board's desire to increa

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Savola gets clearance for Geant buy

Saudi-based Savola Group has obtained anti-trust approval to buy all Geant supermarkets owned by private Fawaz Alhokair Group. The Saudi Competitiveness Board approved the acquisition whose cost was estimated at 440 million riyals ($117.3

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