Business, Company News

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Alhokair Group wins $202m contract

The contract has been awarded for catering services in a NEOM residential complex.
By TRENDS Desk AFP
January 22, 2024 3:55 pm
  • The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
  • It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.

Riyadh, Saudi Arabia — Abdulmohsen Alhokair Group for Tourism and Development was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.

The estimated value of the contract is SAR 760 million ($202 million) and it was awarded on Dec. 17, 2023, the group said in a statement to Tadawul.

It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business and diversifying its sources of income within the goals of its strategic plans, the statement said.

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