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.
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.
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
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
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).
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
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
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.
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