Press Releases

For the fourth quarter ended 31st March 2013, ALHOKAIR achieved net profit of SR 135.87m an increase of 55.6 % compared to the same period last year SR 87.3 m. And an increase of 22.9 % compared to the previous quarter SR 110.5 m.

The gross profit for the fourth quarter ended 31st March 2013 amounted to SR 249.27 m. an increase of 41.3 % compared to the same period last year SR 176.3 m. The operating income for the fourth quarter ended 31st March 2013 amounted to SR 91.58 m. an increase of 20.4 % compared to the same period last year SR 76.04 m.

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RIYADH – March 03, 2013 – Fawaz Al Hokair Group announced today that there will be two new Gap stores added to their fleet of stores in Saudi Arabia. The first store will be in Kingdom Mall and opened last February, followed by the Salaam Mall in Jeddah in April.

In 2007 Fawaz Al Hokair entered into a Franchise agreement with Gap Inc. The first market under this agreement was Saudi Arabia with the first stores opening in late 2007, followed by an expansion of the agreement to manage the Gap and Banana Republic brands across six additional markets; Jordan, Egypt, Georgia, Kazakhstan, Azerbaijan and Armenia. This partnership has proven to be successful endeavor with the total number of Gap stores reaching 40 across all seven markets.

The new store at Kingdom Mall in Riyadh will be an incredible representation of the best of the Gap brand. The Gap stores will offer the Gap, GapKids, and babyGap collections. The store is located in a prime section of the new mall.

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Riyadh 15 Jan 2013: Saudi fashion retail giant Fawaz A. Alhokair and Co. (SJSC), saw its third quarter net profits ended 31 December 2012 increase to SR 110.49 m, up 44.4 % compared to the same period last year SR 76.49 m. In addition, a decrease of 56.2 % compared to the 2nd quarter SR 252.43 m.

The gross profit for the third quarter ended 31 December 2012 reached SR 263.86 m, an increase of 69.6 % compared to the same period last year SR 155.54 m. Operating income for the third quarter was SR 117.28 m, an increase of 60.8 % compared to the same period last year SR 72.94 m. The cumulative net profit for the nine months ended 31 December 2012 was SR 483.82 m., an increase of 34.4 % compared to the same period last year SR 360.06 m, and contributed to an Earning per Share of SR 6.91 compared to SR 5.14 for the same period last year.

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MARKS & SPENCER UNVEILS NEW FLAGSHIP STORE IN RIYADH
M&S Hayat store boasts M&S’ first Bakery and M&S Café in Saudi Arabia

Marks & Spencer (M&S) had a real treat lined up for its customers in Riyadh today with the grand opening of its brand new flagship store at the Hayat shopping mall.

With 5,400 square meters of selling space over two floors, M&S Hayat is one of the retailer’s largest international stores and has launched today with a brand new in-store format. The modernised format aims to make the store more inviting, inspiring and easy to shop for customers, with an exciting new feel to the Foodhall and fashion displays.

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Saudi fashion retail giant Fawaz A. Alhokair and Co (SJSC), saw its second quarter net profits ended 30 September 2012 rise to a record SAR 252.4 million, an increase of 25% compared to the same period last year, and an increase of 108.7% compared to the first quarter of 2012. The earnings reflect an increase of 30.4% in gross profits and an operating profit increase of 24.8% compared to the same period last year.

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