Al Hokair Group announces signing an exclusive Master Development Agreement for Holiday Inn Express in the Kingdom

Al Hokair Group Announces signing on Wednesday, 18 April, an Exclusive Master Development Agreement (MDA) with Intercontinental Hotels Group, to develop and operate Holiday Inn Express properties, introducing the brand for the first time in Saudi Arabia. InterContinental Hotels Group (IHG) is one of the worlds leading hotel companies, currently operating 31 properties in the Kingdom across 4 brands, and has 2600 Holiday Inn Express around the world, with anothe ...

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Abdulmohsen Alhokair Group for Tourism and Development announces obtaining a new Islamic Credit Facilities Agreement

Abdulmohsen Alhokair Group for Tourism and Development announces the signing of new Islamic Credit Facilities Agreement agreement with Al Rajhi Bank as following:1.loan was signed on 01-05-20172.Loan amount of SAR 180 Millions3.Loan period duration from 03-04-2017 to 03-04-2018.4.The purpose of the loan is to fund the expansion projects of the Company5.Loan guarantee : The facilities are secured by a promissory note from the Company..6.Further information: The credi ...

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Abdulmohsen Alhokair Group for Tourism and Development announces obtaining a new Islamic Credit Facilities Agreement

Abdulmohsen Alhokair Group for Tourism and Development announces the signing of new Islamic Credit Facilities Agreement agreement with The Saudi Investment Bank as following:1.loan was signed on 01-05-20172.Loan amount of SAR 45 Millions3.Loan period duration from 20-04-2017 to 20-04-2018.4.The purpose of the loan is to fund the expansion projects of the Company5.Loan guarantee : The facilities are secured by a promissory note from the Company.6.Further information: ...

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Abdulmohsen Alhokair Group for Tourism and Development announces the annual financial results for the period ending on 31-12-2016

ELEMENTCURRENT YEARPREVIOUS YEAR% CHANGENet profit (loss) 147.6189.822.23-Earning or loss per share, Riyals 2.683.45-Gross profit (loss) 390.2421.87.49-Operational profit (loss) 141.1170.917.44-All figures are in (Millions) Saudi Arabia, RiyalsELEMENTEXPLAINATIONReasons of annual financial resultsThe decrease in the gross profit, operational profit and net profit in this period as compared with the same period of the last year is due to the decli ...

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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 ...

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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 ...

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