Alhokair Group cuts accumulated losses to 34.9% of capital

27/05/2024 ِArgaam

Alhokair Group cuts accumulated losses to 34.9% of capital

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) headquarters

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) reduced accumulated losses from 36.20% to 34.90% of its capital, which currently stands at SAR 315 million, as of March 31, 2024.

 

In a statement to Tadawul, Alhokair Group said accumulated losses reach nearly SAR 109.94 million.

 

To cut these losses, the group reevaluated its income sources to raise their efficiency and effectiveness. It also continued to restructure its segments to improve effectiveness and efficiency in operational and administrative aspects.

 

Alhokair Group also continued to evaluate its projects and exit poorly performing projects that incur operating losses.

 

To view the auditor’s report, click here:

Auditor’s report

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