Abdulmohsen Al-Hokair group for Tourism and Development (Al-Hokair Group) has announced its financial headline figures for 2016. Revenue came in at SAR1.17bn (+2.4% Y-o-Y), gross profit SAR390.1mn (-7.5% Y-o-Y), operating income SAR141.1mn (-17.4% Y-o-Y), while net income came in at SAR147.6mn (-22.2% Y-o-Y). This implies SAR258.9mn in revenue (-6.0%); gross income of SAR80.9mn (-11.5% Y-o-Y, -35.2% Y-o-Y); operating income of SAR20.8mn for 4Q16 (-26.7% Y-o-Y, -65.4% Q-o-Q); while net income came in at EGP20.2mn (-36.7% Y-o-Y, -65.4% Q-o-Q). Management attributed the Y-o-Y weakness in 4Q16 and 2016 numbers to lower demand in the corporate and the retail segments, in addition to a weaker Omrah season, and to higher finance costs on higher SIBOR. Al-Hokair Group has also announced that its board has recommended the distribution of SAR35.8mn in cash dividends for 2H16, implying a DPS of SAR0.65 as of the end of 2 Feb 2017. This brings the total distribution for 2016 to SAR1.3/share, implying a dividend yield of 3.6%. (Tadawul)