(MENAFN) Fawaz Abdulaziz Alhokair Co, the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, saw a significant rise in net profit in the first quarter of the current year, according to Arabian Business.The company posted a 40 percent growth in its profit, reaching USD50.9 million in the three-month period.Alhokair's sales boosted by 10 percent in the