Abdulmohsen Alhokair Group for Tourism and Development announces signing a Memorandum of Understanding with Tibah Airports Company.

Abdulmohsen Alhokair Group for Tourism and Development announces signing a Memorandum of Understanding with Tibah Airports Company.

Element List

Explanation

Introduction

Abdul Mohsen Al Hokair Group for Tourism and Development announces the signing of a (non-binding) memorandum of understanding with Tibah Airports Company, on the sidelines of the Future of Aviation Conference, which is being held in Riyadh.

Memorandum Signing Date

2024-05-20 Corresponding to 1445-11-12

Counterparty

Tibah Airports Company.

Memorandum Subject

This is with the aim of establishing a framework for joint cooperation in the areas of providing catering, hotels, entertainment, food and beverage services at airports affiliated with Taibh Airports Company.

Memorandum Duration

This memorandum of understanding remains in effect until (30 December 2024) This period may be renewed by agreement of the two parties.

Related Parties

NA

Financial Impact

Not applicable.

Additional Information

This memorandum comes within the framework of the group's strategy to diversify sources of income through strategic alliances and partnerships.

Abdulmohsen Alhokair Group for Tourism and Development announces signing a Memorandum of Understanding with Tibah Airports Company.