Thursday 25 August 2016
 
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Holding

Saudi's Kingdom Holding Q2 net profit falls 22pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 22 per cent fall in second-quarter net profit on Thursday as income from associates and dividends declined. The inves

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KHC acquires 5.8pc stake in AccorHotels

Kingdom Holding Company (KHC), chaired by Saudi billionaire Prince Alwaleed, has acquired a 5.8 per cent share in AccorHotels following the completion of a $3.2 billion deal with a representative from the hotel group's board of directors.

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Brexit costs Saudi's Kingdom Holding $40m on hotel deal

Saudi Arabia's Kingdom Holding on Tuesday said it will lose SR150 million ($40 million) from its share-swap deal with AccorHotels due to foreign currency fluctuations caused by Brexit. The investment firm of billionaire Prince

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Kingdom Holding chairman among '50 richest people'

The chairman of Kingdom Holding Company has been ranking among Business Insider's '50 Richest People on Earth' list.   Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud is known for his precision for exp

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Dubai Holding to allocate $13m for future research

Dubai Holding is set to allocate Dh50 million ($13.6 million) in an endowment to fund future scientific and technical research and studies, contributing to Sheikh Mohammed Bin Rashid Al Maktoum’s initiative to revive ‘Al Waqf&rsquo

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Dubai Holding Commercial Operations net profit up 25pc

Dubai Holding Commercial Operations Group, the business group of Dubai Holding, has posted a 25 per cent increase in net profit for 2015, going up from Dh4.68 billion ($1.27 billion) recorded in 2014 to Dh5.83 billion ($1.58 billion). T

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Projects Holding appoints new managing director

Projects Holding Company, a leading Bahraini contracting firm which employs over 1,000 people, has appointed Steven Donlon as its new group managing director. Donlon, who is a chartered quantity surveyor with the RICS (Royal Institution of Cha

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Saudi's Kingdom Holding among group investing $247.7m in Lyft

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 per cent of US ride-hailing firm Lyft for $247.7 million. Lyft, Uber Tec

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Dubai Holding honoured for corporate wellness programme

Dubai Holding, a leading investment holding company, has been recognised at the Daman Corporate Health Awards as the best employer in the UAE with proven record of accomplishment in the health and wellness sphere.   

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KHI sells interest in Fairmont Mount Kenya Safari Club

Kingdom Hotel Investments (KHI), a wholly-owned subsidiary of the Saudi Arabian conglomerate Kingdom Holding Company, has sold its 75 per cent interest in the Fairmont Mount Kenya Safari Club to a private Kenyan company for $18 million, accord

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