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Kuwait group seals Saudi retail store dealMS 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. More… |
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Hilton in new Saudi hotel dealHilton 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 More… |
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Saudi airline sells 80pc of catering unitSaudi 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 More… |
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Fitness firm to raise $55 millionAwwal 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 More… |
