Abdulmohsen Al Hokair Group for Tourism and Development Company announces the method and date of dividend payment for second half of 2016

Pursuant to the announcement published in Tadawul on 22-01-2017 with regard to the cash dividends of the secons half of 2016 amounting to SR 0.65 per share. Al Hokair Group is pleased to announce that the cash dividends will be paid starting from Tuesday, 14-02-2017 by the Saudi British Bank (SABB) and the dividend payment will be deposited directly at the shareholders bank accounts linked to their investment portfolios. Noting that the entitlement of dividend payme ...

READ MORE...

Al Hokair Group announces the third phase of the IFRS transition plan

With reference to the circular issued by the Capital Market Authority , dated 21August 2016, and with reference to the previous announcements made by theCompany on the Tadawul website on 30 August 2016 and 30 October 2016regarding phase I and phase II of the IFRS transition plan, the Companyupdates on the transition plan as per the phase 3 disclosure requirements asfollows:1. Accounting policies in line with IFRS have been approved by the Board ofDirectors on 30 Nov ...

READ MORE...

Abdulmohsen Alhokair Group for Tourism and Development announces the distribution of dividend for period Second Half 2016

The Board of Directors of Abdulmohsen Alhokair Group for Tourism and Development Company has approved on 19 January 2017 the distribution of dividend to the shareholders for the period second half 2016 as following:1. Total amount of dividend SAR 35.75 million2. The number of shares outstanding for Dividend 55 million shares.3. Dividend per share SAR 0.654. Dividend represent 6.5% of the Face value.5. Should the eligibility of the profits will be for shareholders re ...

READ MORE...

Al Hokair Group announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

 ELEMENTCURRENT QUARTER Q4.16SIMILAR QUARTER FOR PREVIOUS YEAR Q3 2015 CHANGE CURRENT %PREVIOUS QUARTER Q3.16 CHANGE PREVIOUS %Net profit (loss)20.231.9-36.7%58.4-65.4%Gross profit (loss)80.991.4-11.5%124.9-35.2%Operational profit (loss)20.827.5-24.4%59.6-65.1%  ELEMENT CURRENT PERIOD2016SIMILAR PERIOD FOR PREVIOUS YEAR2015 CHANGE %Net profit (loss)147.6189.8-22.2%Gross profit (loss)390.2421.8-7.5%Operational profit (loss)141.1170.9-17. ...

READ MORE...

Abdulmohsen Al Hokair Group Announces the signing of a Franchise Agreement with Marriott International for a new Hotel and Resort Courtyard by Marriott in Khobar - Al Aziziah

Abdulmohsen Al Hokair Group is pleased to announce to its respectable shareholders that a franchise agreement has been signed on 14-12-2016 with Marriott International for a New Hotel and Resort Courtyard by Marriott (under construction) in the city of Al Khobar-Al Aziziah. Construction works of the Hotel/Resort have already been launched on 14-12-2016 within the frame of a development and leasing agreement between Abdulmohsen Al Hokair Group and M/s. Mazen Al Saeed ...

READ MORE...

Abdulmohsen Al Hokair Group for Tourism and Development Company announces the list of new projects under development for Hotels and Entertainment

Abdulmohsen Al Hokair Group for Tourism and Development Company announces the list of new projects under development for Hotels and EntertainmentProjects of Hotels Division:1- MENA Hotel-Tabuk: The hotel consists of (82) rooms & suites, plus a restaurant, multipurpose halls, a health club and swimming pool. The hotel is leased to Al Hokair Group for period of 15 years which will come to effect from the date of receipt of the hotel building. It is expected that t ...

READ MORE...

Abdulmohsen Al Hokair Group for Tourism and Development Company announces the latest update on projects under development for Hotels Division

Abdulmohsen Al Hokair Group for Tourism and Development Company announces the latest update on projects under development for Hotels DivisionWith Reference to the ongoing projects for Hotels division which were announced on Tadawul on 14/02/2016 and 03/05/2016, Al Hokair Group is pleased to announce the following:1- Park Inn Hotel by Radisson - Jubail: The hotel project has already been delivered to the contractor and the construction works are ongoing, with approxi ...

READ MORE...

Abdulmohsen Al Hokair Group for Tourism and Development Company Announces the Progressing on the IFRS Conversion Project (Phase 2)

Following the resolution issued by the Board of Commissioners of CMA on 21-8-2016 regarding the disclosure of the listed companies of their transition progress to the International Financial Reporting Standards (IFRS). And following to what we announced regarding Phase 1 on 30-8-2016, Abdulmohsen Al Hokair Group for Tourism and Development Company announces the progress on the IFRS conversion project (Phase 2) as follows:The Draft accounting policies necessary for t ...

READ MORE...

AbdulmohsenAlhokair Group for Tourism and Development announces the interim financial results for the period ending on 30-09-2016 (Nine Months)

AbdulmohsenAlhokair Group for Tourism and Development announces the interim financial results for the period ending on 30-09-2016 (Nine Months)ELEMENTCURRENT QUARTER Q3 2016SIMILAR QUARTER FOR PREVIOUS YEAR Q3 2015 CHANGE CURRENT %PREVIOUS QUARTER Q2 2016 CHANGE PREVIOUS %Net profit (loss)58.457.22.1%18.9209%Gross profit (loss)124.9118.95.0%82.951%Operational profit (loss)59.652.912.714.3317%  ELEMENT CURRENT PERIOD2016SIMILAR PERIOD FOR PREVIOUS ...

READ MORE...

Abdulmohsen Al Hokair Group for Tourism and Development Company announces the opening of an Indoor Entertainment Center in Riyadh

Abdulmohsen Al Hokair Group announces the opening of an Indoor Entertainment Center, under the name of Sparkys at Al Hamra Mall Complex in Riyadh on 2016/10/11 in Riyadh, Saudi Arabia. It is worth mentioning that the total area of the site is 2315m2 and the financial impact of this center will be reflected on the companys business results for Q4, 2016.

READ MORE...