Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) penned an agreement valued at nearly SAR 760 million, according to a bourse filing.  The listed firm inked the contract with Alpha Facilities Contracting Company, affiliated with Al Fanar Group, to provide catering services in one of the residential complexes in NEOM.  Alhokair Group was awarded the project deal on 17 December 2023.

Earlier in January, Alhokair Group and Newrest Company teamed up to establish a joint entity in Saudi Arabia.

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