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Alhokair’s Board approves sale of Blanco

The board of Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co has approved the sale of Blanco for 350 million riyals (about 93 million dollars), the company said in a bourse statement on Wednesday. This way, the Saudi retailer will divest from the Spanish fashion chain barely two years and a half after it acquired it from administrators....

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