Fawaz Alhokair reopens 40 stores at Mall of Dahran, 15 others expected in 2 weeks
- Date: 08-Jun-2022
- Source: Argaam
- Sector:Retail
- Country:Middle East
Fawaz Alhokair reopens 40 stores at Mall of Dahran, 15 others expected in 2 weeks
Fawaz Abdulaziz Alhokair Co. (Fawaz Alhokair) started to reopen its 64 stores at the Mall of Dahran in phases, according to a bourse statement.
The company added that 40 stores were reopened and resumed normal operating hours today, June 8.
A total of 15 stores are expected to reopen in two weeks. Meanwhile, nine stores, located in the section directly affected by the fire, will remain closed until further notice.
The financial impact of the incident is immaterial due to the full insurance coverage of the stores, the statement said.
The firm continued to serve its customers in other branches at Nakheel Mall and Al Rashid Mall, the Eastern Region.
On May 13, Arabian Centres Co. (ACC) announced that a blaze broke out at the Mall of Dhahran, according to data available with Argaam.
Fawaz Alhokair then stated that its preliminary estimates indicate that 11 out of 64 stores at the Mall of Dhahran, managed by ACC, were damaged by fire.
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