| Element List | Explanation |
|---|---|
| Introduction | Reference to Fawaz Abdulaziz Alhokair Co. (“Alhokair”) announcement on Tadawul on 15/05/2022 regarding the partial fire at “Mall of Dahran” in the Eastern Province, Alhokair would like to announce that it has started the phased reopening of its 64 stores in the mall. |
• 40 stores have reopened and resumed normal operating hours on Wednesday 08/07/2022
• 15 stores are expected to reopen in the coming two weeks
• 9 stores, located in the section directly affected by the fire, will remain closed until further notice
Alhokair renews its sincerest gratitude to the Civil Defense and all the other respective authorities whose efforts helped to contain the fire and mitigate the damages.
It is worth mentioning that the financial impact of the incident is immaterial due to the full insurance coverage policy of the stores and as Alhokair continued to welcome its customers in other branches in the Eastern Province, which are located in Al Nakheel Mall and Al Rashid Mall.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.