Abdulmohsen Alhokair Group for Tourism and Development
(Alhokair Group) has recently finalized an agreement valued at approximately
SAR 760 million, as disclosed in a bourse filing.
The publicly listed company formally entered into the
contract with Alpha Facilities Contracting Company, an affiliate of Al Fanar
Group, for the provision of catering services within one of the residential
complexes in NEOM.
Saudi
company unveils significant gold discovery extending 100km from Mansourah
Massarah Mine
Having been awarded the project deal on December 17, 2023,
Alhokair Group anticipates the partnership's positive impact on its
first-quarter (Q1) 2024 income statements. The Saudi entity emphasized that
this collaboration aligns with its strategic plans, contributing to business
growth and income source diversification.
In a separate collaboration earlier in January, Alhokair
Group and Newrest Company joined forces to establish a joint entity in Saudi
Arabia.
Saudi
and Ukrainian companies to invest in poultry products
During the first nine months (9M) of 2023, Alhokair Group
experienced a 60.57% reduction in net losses after Zakat and tax, totaling SAR
22.25 million compared to SAR 56.43 million in the same period of 2022.
Source: Zawya
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