Recovering slowly...
During Q3 2016, Alhokair recorded a sales increase of 6.4% to SAR336.9m compared to SAR316.6m in the same quarter last year. The group posted a net income of SAR58.4m, up 2.1% compared to Q3 2015.Alhokair closed the first nine months with a revenue increase of 5.1% yoy to SAR914.6m due to a 18% growth in the segment of Recreational Centers which represented around 17% of Q3 2016 total sales. However, the Hotels division’s revenues witnessed a decline of 4.1% to reach SAR170.9m.
Abdulmohsen Al Hokair Group for Tourism and Development Co CJSC (Al Hokair Group) is a Saudi Arabia-based company engaged in the leisure, entertainment and tourism industry. The Company operates in three business segments: the Hotel segment provides hotel and tourism services, health and tourist resorts, furnished apartments, restaurants and coffee shops; the Entertainment segment includes the establishment, operation and maintenance of games cities, entertainment centers and parks, and the Others segment includes the operations of head office and commercial center, among others. The Company owns more than 48 entertainment centers and amusement parks, and more than 33 hotels across Saudi Arabia and the Gulf States. In addition, Al Hokair Group is active in assisting in the development of investment in the field of tourism in the areas of entertainment and hospitality. The Company's wholly owned subsidiary is Sparky's Land Amusement Toys.
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