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FINANCIAL NEWS
Saudi Alhokair plans 400 new stores
26 Oct 2011
(MENAFN) Saudi Fawaz Abdulaziz Alhokair Co said it will open 400 new stores over the next two years, Arabian Business reported.
Abdulmajeed Alhokair, president of the giant retail chain expected stronger growth this year and next year compared to 2010.
Alhokair, whose 90 percent sales are from stores in Saudi Arabia, expected foreign sales to grow by 30 percent next year as more shops opened.
Fawaz Alhokair has 75 franchises in the Middle East, including Zara , Marks & Spencer’s, Gap, Aldo, Monsoon, Accessorize and Topshop, and 1,300 stores worldwide.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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