Al Khozama Management to open regional office in UAE

12/12/2016 Argaam

Saudi Arabia’s Al Khozama Management Company is opening its first regional office in the United Arab Emirates, as part of plans to expand internationally, the Riyadh-based hospitality firm said on Monday.

 

Al Khozama recently launched a new concept resort in Riyadh, and the company’s future plans include more properties in the eastern and western regions of the kingdom, said Hussien Hatata, the company’s vice president of hospitality.

 

“The UAE is a natural next step for us,” he added.

 

The National Commercial Bank (NCB) arranged SAR 1.3 billion in financing for Al Khozama in October, the lender said in a statement seen by Argaam.

 

Al Khozama, which is 5 percent owned by Aseer Trading & Manufacturing Co., was planning to use the funds for its expansion plans, it was reported.

 

The group manages several hotels and real estate properties in Saudi Arabia, including Al Faisaliah Hotel & Spa in Al Khobar and Bay La Sun Hotel & Marina in King Abdullah Economic City.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read