Fawaz Al Hokair [4240.SE] announced that it has opened a new Zara store in Al Yasmine Mall, marking the company's 8th Zara branch in Jeddah (total of 34 in KSA). The new store, which is built on an area of 3,400sqm, is the biggest Zara store in the Middle East. The company targets to reach 45 Zara stores in KSA by 2020. (Argaam) Al Hokair: SAR30.36 as of 17 November 2016, Rating: Neutral, FV: SAR27.00 per share, MCap: USD1,700mn, ALHOKAIR AB / 4240.SE
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