Alhokair Fashion Retail logo
Saudi Arabia based retail conglomerate Fawaz Abdulaziz Al-Hokair & Co. has reported a consolidated net loss of SAR681.2 million during the fiscal year ending March 31, 2020. The company had recorded a net profit of SAR138.1 million during the same period in 2019.
Also watch: Realigning Business-Critical Goals
According to the official statement, the company’s gross profit decreased at an annual rate of 62.4% during the fiscal year 2020, which is equivalent to SAR676.7 million compared to the previous year.
Alhokair Fashion Retail has now restarted store operations after the ease of movement restrictions in the Kingdom.
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Beyond Trends: How Women-Led Elif’s UAE is Redefining Luxury Fashion
GMG and Frasers Group Sign 10-Year Retail Partnership to Launch Sports Direct in MENA
/ 
Lulu Retail, the GCC’s retail powerhouse, has reported a transformative FY 2024,
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
/ 
Born from a need for well-made, versatile activewear that transitions seamlessly into
Kangol, a brand synonymous with headwear innovation, has journeyed through decades of
Alshaya Group announces the opening of two standalone Disney Stores in the
Gymshark, the UK-based fitness apparel brand, has made its highly anticipated retail
Notifications
Previous Article
