Thndr Claps » Saudi Claps » Tadawul 🔔 » Al Hokair Group looking to acquire hotel assets 🏨
The ClapAl Hokair Group (1820) entered into negotiations with Abdulmohsin Al Hokair Holding Group (a related party) to acquire a number of hotel assets currently leased by the company.The DeetsAccoridng to the company, the acquisition will be in exchange for the issuance of new shares, in order to increase its capital and support its operational activities.Abdulmohsin Al Hokair Holding Group owns a 31.50% stake in Al Hokair Group.Related NewsAl Hokair Tourism Group announced a 50% reduction in its losses, amounting to about SAR 35 million during Q2 2022.What NowAl Hokair stated that it will disclose any new developments regarding the purchase of hotel assets.
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