Kingdom Holding Company (KHC), the investment firm of Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, said it has successfully taken over Kingdom Hotel Investments (KHI) after 94 per cent shareholders accepted its $5 per share offer.
Europe's banks are examining ways to reclaim funds from Saudi Arabia's Saad Group, and may take control of its Swiss subsidiary, Saad Investments, a source familiar with the situation said.
'Lenders are looking at their options
Kuwait's Al Mazaya Holding said on Monday it will not go ahead with a full takeover plan of its First Dubai Real Estate Development subsidiary.
Mazaya, which now owns 67 per cent of First Dubai, said the benefit from buying the remaini
Qatar-based Panceltica Holdings, a London-listed provider of steel technology to the construction industry, is studying a takeover offer from Barwa Real Estate Company, Barwa said on Monday.
Barwa, an affiliate of the state-owned Qatar Inv