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Prince Alwaleed at the theme park. Image courtesy: Kingdom Holding.

Prince Alwaleed injects $52m into Euro Disney

RIYADH, November 19, 2015

Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal, has injected an additional investment of 49.2 million euros ($52.37 million) in to Euro Disney under a recapitalization plan for the theme park.

The reconstructing and new action plan, which commenced in April 2015, whereby KHC fully participated in the rights issue offered by the company.

Thus, KHC maintains its 10 per cent share ownership of the company, which operates Disneyland Paris, a statement said.

Prince Alwaleed is the second-biggest shareholder of Euro Disney. – TradeArabia News Service

 




Tags: Kingdom Holding | Prince Alwaleed | Euro Disney |

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