Al-Hokair buys 42 women fashion boutiques for SAR 383 million

16/09/2014 Argaam

Fawaz Abdulaziz Al-Hokair Company signed yesterday a deal to buy 42 women fashion boutiques in Riyadh, Makkah and Taif from Dana Group for SAR 383 million.

The deal will be financed by a long-term Sharia-compliant credit facility, a filing to Tadawul said.

The company said the deal aims at growing revenues and expected a positive financial impact as of the second quarter.

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