“Al Hokair” denies announcing its future expansion plan and expected results for 2014 in Dubai Conference:

Fawaz Abdulaziz Al-Hokair Group disclosing any information about the company’s expected financial results for the current year, future expansion plan and sukuk issuance as reported yesterday by Reuters.

The company’s strategic planning director expected a net profit ranging from SAR 760m to SAR 810m for the fiscal year ended March, 31, 2014; as quoted by Reuters.

Reuters reported also that the director gave, in a financial conference held in Dubai, detailed information also announced the company’s intended expansion through the acquisition of three to five companies in the American and European market.