Riyadh-based Al-Tayyar Travel Group Holding Company, a major tourism group in the region, has purchased a five-star hotel near the Grand Mosque in Makkah, Saudi Arabia for SR1.5 billion ($400 million), a report said.
The company receive
Saudi Arabian group Al-Tayyar Travel is set to raise up to SR1.37 billion ($365 million) selling a 30 per cent stake in a listing in the first week of June, two sources familiar with the matter said.
The family-owned business group is offe
Saudi Arabia's Al-Tayyar Travel Group has received approval to sell a 30 percent stake to the public, the bourse regulator said on Sunday, two years after the firm scrapped a similar sale due to a lack of demand.
The Capital Market Authori
Saudi-based Al-Tayyar Travel Group said it plans to raise SR1.2 billion ($320 million) from an initial public offering and is eyeing a 30 per cent stake in a UK counterpart as part of an expansion.
The Riyadh-based firm plans to offer shar
Saudi Arabian travel group Al-Tayyar plans to sell a 30 percent stake in an initial public offering in the first quarter of 2008.
This was revealed by chairman Nasser Al-Tayyar in Dubai on Wednesday.
The firm had said