Alhokair Group shareholders approve changing the company's name to "Ban Holding"

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Riyadh - Mubasher: The extraordinary general assembly of shareholders of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) approved, in its meeting yesterday, Tuesday, November 5, 2024, changing the company’s name.

The company explained, in a statement on "Tadawul" today, Wednesday, that approval has been given to amend Article Two of the company's bylaws related to (the company's name).

The amendment includes changing the company’s name from Abdul Mohsen Al Hokair Tourism and Development Group to Ban Group Holding Company.

Abdul Mohsen Al Hokair Group for Tourism and Development was established as a Saudi individual institution under the name of Abdul Mohsen Al Hokair Group for Trade and Industry in 1978.

The company's name was changed in 2003 to Abdul Mohsen Al Hokair Group for Operation and Maintenance in 2006. The company's name was changed to Abdul Mohsen Al Hokair Group for Tourism and Development. It was transformed from a sole proprietorship to a closed joint-stock company, and in 2014 it was transformed into a listed Saudi joint-stock company.

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