International Financial Advisors KSCC (Kuwait) Announces the Execution of a Memorandum of Understanding worth SAR 80'000'000.- between Abdul Mohsen Al Hokair Company for Tourism and Development JSC (Saudi Arabia) and MS Retail KSC (Kuwait)

International Financial Advisors KSCC (Kuwait) Announces the Execution of a Memorandum of Understanding worth SAR 80'000'000.- between Abdul Mohsen Al Hokair Company for Tourism and Development JSC (Saudi Arabia) and MS Retail KSC (Kuwait) PR Newswire KUWAIT CITY, Kuwait, June 11, 2012 KUWAIT CITY, Kuwait, June 11, 2012 /PRNewswire/ -- International Financial Advisors KSCC (Kuwait) ("IFA" or the "Company") announced today that it has advised on and successfully arranged the execution of a Memorandum of Understanding ("MoU") between MS Retail KSC ("MSR"), a leading developer and operator of specialty retail and entertainment stores in Kuwait, and Abdul Mohsen Al Hokair Company for Tourism and Development JSC of Saudi Arabia ("Al Hokair"), a hospitality and entertainment group with significant operations across the Kingdom and the GCC. The intent of the MOU is for MSR and Al Hokair to financially and operationally partner with each other for the purpose of developing one or more flagship stores in key cities across the Kingdom of Saudi Arabia under the "BAROUE" brand. BAROUE is a unique concept developed and operated by MSR in Kuwait that integrates specialty retail and entertainment targeted at 12 year olds and under. BAROUE stores typically have areas exceeding 6'000 sqm and are located in prime Malls where they constitute a key driver of foot traffic.