1820 · 11/09/2022 08:01:18 · Announcement #70108 · View on Saudi Exchange

Abdulmohsen Al Hokair Group for Tourism & Development has announced that it has entered into negotiations with Abdulmohsen Al Hokair Holding Group (a related party) to acquire hotel assets

Element ListExplanation
Announcement Detail Abdulmohsen Al Hokair Group for Tourism and Development Company announces that the company has entered into negotiations with Abdul Mohsen Al Hokair Holding Company (a related party) to acquire a number of hotel assets currently leased by the company in exchange for the issuance of new shares to increase the company's capital and strengthen its operational activities and any new developments will be announced in due course.

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