Alhokair Group OKs rebranding to Baan Holding

Shareholders of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) approved on Nov. 5 rebranding to Baan Holding Group Co.

The shareholders also approved amending Article 2 of the company’s bylaws during the extraordinary general meeting (EGM), according to a statement to Tadawul.

In October, the group said that its shareholders will vote on changing the company’s name to Baan Holding, Argaam reported.