Al-Fakhira acquires brands for 39.2M riyals

Alfakhura, the luxury men's tailoring company, announced the acquisition of brands (Hamza, More, Lomar, Shmag Alshaer), intellectual property rights, and some equipment valued at 39.17 million riyals, with the aim of supporting the company's growth and expanding its market share. This deal is expected to have a positive impact on increasing revenues and profits, and the financial effects are beginning to appear in the results for the year ending December 31, 2025.

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