Wednesday 16 April 2014
 
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Al Hokair

Hilton to open new Doubletree hotel in Saudi

Hilton Worldwide, the global hospitality group, has signed a new property to open under the Doubletree brand with prominent local investor Al Hokair Group for its fourth hotel in Saudi Arabia’s Eastern Province. The latest s

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Kuwait group seals Saudi retail store deal

MS Retail (MSR), a top developer of specialty retail and entertainment stores in Kuwait, has inked a SR80 million ($48 million) deal with Abdul Mohsen Al Hokair Company for Tourism and Development to open its flagship stores in Saudi Arabia.

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Hilton in new Saudi hotel deal

Hilton Hotels Corporation said it has signed two management agreements with the Al Hokair Group to launch the first two Hilton Garden Inn properties in the Middle East in Riyadh. The first, a 180-room Hilton Garden Inn Riyadh Olaya, is sch

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Saudi airline sells 80pc of catering unit

Saudi Arabian Airlines signed a deal on Sunday to sell 80 percent of its catering unit for 1.8 billion riyals ($480 million) to a Saudi-led group including European caterer Newrest, an executive said. "Our consortium comprises Abdul Mohsin

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Fitness firm to raise $55 million

Awwal Fitness Ltd (AFL), a Jebel Ali Free Zone Company, has signed an agreement to raise $55 million through a syndicated loan facility. The facility will be used by AFL, part of the Al Hokair Group of Saudi Arabia, to develop the “Fitness

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