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Jarir draws up action plan for transition
(Arab News - 25/08/2016)

Jarir Marketing Co. has announced the action plan for implementation of International Financial Reporting Standards (IFRS). According to the plan, posted by the company on Tadawul website, Jaris Marketing Co. has set the transition plan to IFRS\ and the

Dur Hospitality to operate 2-hotels at Dar Al-Hijrah project in Madina
(Saudi Gazette - 22/08/2016)

The Public investment fund (PIF) represented by the Saudi Real Estate Development Company (Dar Al-Hijrah), and Dur Hospitality, the Saudi company specialized in hotel development and operation through local & international hotel operators, signed two

Altayyar Travel Group to build Sheraton Makkah
(Saudi Gazette - 16/08/2016)

Starwood Hotels & Resorts Worldwide, Inc. announced Monday its further expansion in the Kingdom of Saudi Arabia with the signing of a new Sheraton in the holy city of Makkah. Owned by Altayyar Travel Group Holding Company, Sheraton Makkah Jabal Al Kaaba

Gulf Hotels reported the financial results for the 2nd Q of 2016
(Press Release - 07/08/2016)

Mr. Almoayyed announced that for the Half year ended 30 th June 2016 the Group achieved a total Gross Operating Revenue of BD 16.382 million and a Net Profit of BD 9.454 million after consolidating the results of BTC to GHG, including one time