Fawaz Abdulaziz Alhokair Co.’s (Alhokair) shareholders approved, during the ordinary general meeting (OGM) held on Sept. 21, 2020, several items including the business contracts signed with related parties worth SAR 496 million. 

 

The company said in a bourse statement that the approved contracts include the following:

 

Company

Business contracts

Contract value (SAR mln)

Arabian Centers Co.

Rent

362.47

Food and Entertainment Co.

Capex for operations expansion and opening of new locations

17.05

Saudi FAS Holding Co.

Construction and decoration works

109.28

Al-Farida Company for Commercial Agencies

Business and service expenses

1.22

Nujoom Arena Trading Co. (e-commerce)

Revenues

0.20

Hagen Co.

Print and advertisement

5.55

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