21/09/2016 05:45 AST

Fawaz Abdulaziz Al Hokair Company, a leading Saudi-based group with a focus on retail and real estate business sectors, has won a major contract to develop a commercial and entertainment district adjacent to King Abdulaziz International Airport in Jeddah, according to a report.

The development, King Abdulaziz International Airport City, will boast two hotels and commercial and administrative centres, said a Saudi Press Agency (SPA) report.

The land for the project has already been handed over to the developer, the report added. Saudi Arabia's General Authority for Civil Aviation (GACA) had earlier unveiled plans to privatise management and operations at eight of the kingdom's airports as part of government efforts to diversify its income amid the oil slump.


Trade Arabia

Hokair announces a new Murabah Agreement with Alrajhi Bank

23/08/2017

In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:

Tadawul

Fawaz Alhokair launches first Lefties store at Nakheel Mall

17/04/2017

ALHOKAIR Fashion Retail launched the first Lefties flagship store, the famous accessible price international fashion brand, in KSA at Nakheel Mall Riyadh. This exhibition is the first Lefties store i

Saudi Gazette

Fawaz Alhokair net profit up 0.9%

28/07/2016

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. reported a 0.9 percent rise in first-quarter net profit on Wednesday as sales increased at its outlets in the Kingdom.

The company made a

Arab News

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EEC's capital optimization plan to shore up financial position and sustain growth: CEO

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RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula