Fawaz Alhokair & Co, leading fashion retail business in the Kingdom, has been ranked first in the global fashion and luxury sector for delivering total shareholder returns, Boston Consulting Group's report "The Return of Growth - The 2015 Consumer Value Creators Series" published on Dec. 1 said. According to the report, Fawaz Alhokair achieved an average annual total shareholder return of 58.4 percent for the five-year period from 2010 through to the end of 2014. The returns were the highest in the fashion and luxury sector, which includes global producers and retailers with a minimum market capital of $4.5 billion. Commenting on the results of the BCG research, Dr Abdul Majeed Al-Hokair, President of Fashion Retail, said: "We are proud to be recognized for the top quartile returns we have given back to our shareholders over the past five years. This has been an outstanding period of growth and expansion, whilst at the same time we have continued to make improvements to how we run operations to maximize efficiencies and create value for our shareholders. We are also proud of the hard work and commitment of our people in supporting the growth of the business and helping to deliver these stellar returns to our shareholders." Fawaz Alhokair is one of the most recognized names in the fashion and luxury sector in the Middle East. This latest survey shows that we are now being recognized at a global level, on par with the world's leading fashion and luxury brands," he added Fawaz Alhokair has grown to be the largest franchise retailer of fashion retail in Saudi Arabia, MENA, Central Asia and Caucasus regions, and is the only listed business of its type in the Middle East. Since the opening of its first store in 1991, Alhokair Fashion Retail now trades in more than 2,194 stores across 100 shopping malls in 16 countries, with a retail platform operating on a total GLA of over 600,000m2. — SG
