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Hospitality giant Alhokair narrows 2021 losses on pandemic recovery

RIYADH: One of Saudi Arabia’s largest hospitality groups, Abdulmohsen Alhokair Group for Tourism and Development, narrowed losses last year by 14 percent to SR172 million ($46 million) as it began to recover from the pandemic. The improved results came on the back of sales that soared 16 percent year-on-year to SR708 million, propelled by a hike in revenues from the

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