Addendum announcement from Abdulmohsen Alhokair Group for Tourism and Development related to Consolidated Interim Financial Results for the Period Ending 31/03/2018 (Three Months)

Further to the announcement published on Tadawuls website on 25-04-2018 related to its Consolidated Interim Financial Results for the Period Ending 31/03/2018 (Three Months) Abdul Mohsen Alhokair group for tourism and development co. announces adjustment to additional information to the Reasons of increase (decrease) for quarter compared with same quarter last year to be stated as follow (The decrease in the gross profit, and achieving of operational loss and net lo ...

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Abulmohsin Alhokair group for tourism and development announces signing a JV agreement to establish and operate Cinemas with Cinepolis and Al Tayer group

Abulmohsin Alhokair group for tourism and development announces signing a JV agreement to establish and operate Cinemas in Kingdom of Saudi Arabia with Cinepolis and Al Tayer group on 25th of April, 2018. Cinepolis is the fourth largest international cinema operator and the largest in Latin America as it operates 652 movie theater in 14 country all over the world. Al Tayer group is one of the largest well-known companies in United Arab Emirates. The agreement has be ...

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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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