RIHYAD - 23rd July, 2015 - TADAWUL: 'HOKAIR' Fawaz A. Alhokair & Co. (Fashion Retail) today announces a strong set of interim financial results, with gross profit at 529.6m Riyals, 19.9% higher than the similar period for last year.

Net profit and operational profit are also higher than last year's results, rising by 10.5% and 10.9% respectively. This strong start to the year, and sustained success, reflects the achievement of Alhokair Fashion Retail's ambitious expansion plans. Alhokair Fashion Retail continues to pursue growth through expansion of mono-brand franchise stores, and the acquisition of brands set for global growth.

Simon Marshall, Chief Executive of Alhokair Fashion Retail, comments:

"The first three months of this financial year have been exceptional for us: Our strategic global expansion programme, which sees us expanding both partner brands alongside our private label formats offers us the opportunity to grow farther, faster."

About Alhokair Fashion Retail - www.fawazalhokairfashion.com
Fawaz A. Alhokair & Co (known as "Alhokair Fashion Retail") was formed in 1990 by Fawaz, Salman and Abdulmajeed Alhokair. The company has since become the largest franchise retailer in the KSA, MENA, Central Asia and Caucasus regions, and is the only public listed business of its type in the Middle East. Quality, innovation, service and trust are the guiding principles for all Alhokair Fashion Retail operations.

These values are coupled with an ability to move quickly, to seize new opportunities and to enter emerging markets. Since the opening of our first store in 1991, Alhokair Fashion Retail has grown considerably and now trades in more than 2,300 stores across 100 shopping malls in 17 countries, with a retail platform operating on a total GLA of over 500,000m². All of this is ably managed by a workforce numbering more than 12,000. Alhokair Fashion Retail currently represents over 80 fashion brands, across a diverse platform covering Womenswear, Menswear, Kids & Baby, Department Stores, Shoes & Accessories, Cosmetics, F&B, and Entertainment.

For further information please contact:

Mr. Brendan Dorrian

Head of Business Development, Fawaz A. Alhokair & Co

UK Cell: +447778897111

Email: brendan.dorrian@alhokair.com.sa

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