28 Sep 2014
(MENAFN) Saudi Arabia’s Fawaz Abdulaziz Alhokair announced it has signed a USD200 million loan in order to fund an acquisition of shops and general expansion, Gulf Business reported.
The firm, which franchises brands such as Zara and Marks and Spencer in the Kingdom, said that it was buying 42 women’s clothing shops from Al Dana Trading Group estimated to be worth around USD102.1 million.
Alhokair said that the facility, which is extended over a five-year period, will fund the acquisition and other expansion by the company and will be repaid on a quarterly basis.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more