Wednesday 20 September 2017
 
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Holding

KHC sells interest in Four Seasons Langkawi for $90m

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has sold its 90 per cent interest in the Four Seasons Resort Langkawi, Malaysia for $90 million. The shares were sold to Leisure Ventures

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FAM Holding to develop new resort on Al Marjan Island

FAM Holding, a leading conglomerate of business solutions, has acquired a 126,000-sq-ft plot on Ras Al Khaimah's Al Marjan Island - a leading waterfront project in the UAE - to develop a new resort. The Al Mahra Resort, which

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FAM Holding to develop new resort on Al Marjan Island

FAM Holding, a leading conglomerate of business solutions, has acquired a 126,000-sq-ft plot on Ras Al Khaimah's Al Marjan Island - a leading waterfront project in the UAE - to develop a new resort. The Al Mahra Resort, which

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Jumeirah Group to manage new hotel in Makkah

Jumeirah Group, the Dubai-based luxury hotel company and a member of Dubai Holding, will mark its entry into Saudi Arabia with the opening of the Jabal Omar Jumeirah Makkah Hotel in 2019. The new hotel will be developed by global

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Jabal Omar, Dubai Holding sign new Makkah hotel deal

Global investment conglomerate Dubai Holding and Jabal Omar Development Company, one of the Middle East’s largest real estate company, have signed an agreement to develop a new hotel in Makkah, Saudi Arabia. Managed by Jumei

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Rotana signs new hotel project in Muscat

Hotel management company Rotana has signed a management agreement with Golden Group Holding, a diversified Oman-based business group with interests in real estate, hospitality, construction, logistics and oil and gas, for a new hotel project in

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HMH appoints new CEO

Hospitality Management Holding (HMH) has appointed Aboudi Asali as its new chief executive officer (CEO).   Asali joins HMH with over 20 years of hospitality experience, starting at the Four Seasons Hotel Boston. After several

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Dusit International inks new project in Turkey

Global hospitality company Dusit International has signed a management agreement with Saudi-based Abduljawad Holding Co to operate the Dusit Thani Residences Maslak Istanbul in Turkey. The hotel will open as part of Maslak 1453 &n

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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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