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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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.

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Abdulmohsen Al Hokair Group for Tourism and Development Company announces the reopening of Novotel Hotel Yanbu

Abdulmohsen Al Hokair Group announces the re-opening of Novotel Hotel Yanbu after completion of full renovation for the hotel on 1438/01/10, corresponding to 2016/10/11 in Yanbu, Saudi Arabia. The Hotel is located Yanbu - Corniche and it consists of (100) rooms, Banquet Halls, a restaurant and health club plus swimming pool. The financial impact of the hotel will be reflected on the company's business results for Q4, 2016.

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

Pursuant to the announcement published in Tadawul on 28-07-2016 with regard to the cash dividends of the first half of 2016 amounting to SR 0.65 per share. The Board of Directors of Al Hokair Group is pleased to announce that the cash dividends will be paid starting from Wednesday, 05-10-2016 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 en ...

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Abdulmohsen Al Hokair Group for Tourism and Development Company announces its progress on the transition to International Financial Reporting Standards IFRS First Phase

Based on the resolution issued by the Board of Commissioners of CMA in regards to the disclosure of the company transition progress to International Financial Reporting Standards (IFRS), Abdulmohsen Al Hokair Group for Tourism and Development Company announces (Phase I) of the action plan for the implementation of IFRS as follows: 1- The IFRS transition plan has been prepared by the Company whereby the targeted date to approve the new accounting policies is 30-11-20 ...

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Abdulmohsen Alhokair Group for Tourism and Development announces the distribution of cash dividends for the period of First Half 2016

The Board of Directors of Abdulmohsen Alhokair Group for Tourism and Development has approved the distribution of dividend to the shareholders for the period First Half 2016 as following:1.Total amount of distribution of dividend SAR 35,750,0002.Dividend per share SAR 0.653.Dividend represent 6.5% of the Face value.4.The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on 11-08-20165.Det ...

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