- RIYADH: Saudi-based retailer Fawaz Abdulaziz Alhokair Company said on Saturday it had agreed to set up a joint venture with Burberry to market and sell the British luxury good group’s products.
Alhokair will hold a 40 percent stake in the Riyadh-based company, which is to sell Burberry goods in Saudi Arabia, Alhokair said in a statement, without giving further financial details of the venture.