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
Kingdom Holding, the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, reported a 85.8 percent fall in fourth-quarter net profit on Thursday.
Net profit fell to SR37.91 million ($10.1 million) for the three mon
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
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Alwaleed Philanthropies, received at his office in Riyadh António Guterres, United Nations High Commissioner for Refugees (UNHCR) and Former Portuguese Prime Minister, who was ac
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
Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 per cent rise in second-quarter net profit on Sunday as its income increased and costs fell.
Kingdom has minorit
Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday.
Senior management at Snapchat,
Saudi Arabia has approved a number of steps that could ease the participation of major international companies in the kindgom's key projects, the official Saudi Press Agency has said.
The measures announced by the Cabinet yest