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Sophos Hotels SA and AIMS Hospitality Holding to incorporate the first International independent Hotel Management Company in KSA

RIYADH, Kingdom of Saudi Arabia at the Future Hospitality summit (May 24, 2022) Sophos Hotels SA, one of the leading third party Hotel operator in Europe, and AIMS Hospitality a subsidiary of AIMS Holding one of the foremost investors in the hospitality Sector in Saudi Arabia, announced on signing a Memorandum of understanding to launch and develop the first international independent Hotel Management company in KSA, and have initially agreed on developing and operating several properties located in Jeddah and Makkah cities that comprise over 2000 keys ....

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FHS Saudi Arabia Preview

Dubai, UAE. 22 May 2022. The Future Hospitality Summit (FHS) returns to Saudi Arabia this week, bringing together government leaders, hospitality investors, owners, and operators for the redesigned 2022 edition of the event on 24-25 May at the Riyadh Airport Marriott Hotel. ....

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TASI opens higher as investors monitor oil prices : Opening bell

RIYADH: Saudi stocks opened higher this week, as investors maintained a watchful eye on oil price fluctuations and the possibility of a recession. The main index,TASI, advanced 0.27 percent to hit 13,350 points, while the parallel market, Nomu, gained 0.18 percent to 24,339, at 10:09 a.m. Saudi time. Oil prices settled higher on Friday, with Brent crude closing at $102.78 a ....

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