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Fawaz Alhokair (SA) Signs Franchise Agreement with Fnac Darty (France)

27 Apr 2021 - Saudi Arabia's Fawaz Alhokair Group (4240.SE) said on Tuesday it would open the kingdom's first Fnac Darty (FNAC.PA) store in 2022 after signing a franchise deal with the French consumer electronics retailer.

The franchise agreement marks the large French company's first entry into Saudi Arabia, the Middle East's biggest economy, Alhokair said in a statement.

Alhokair, a franchise retailer, says it operates over 1,800 retail stores across 12 countries.


Reuters

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