Prince Al Waleed offers to buy shares in Kingdom Hotel Investments
Published by Irhal
Saudi billionaire Prince Alwaleed bin Talal’s investment firm, Kingdom Holding Company, has offered to buy the remaining shares in Kingdom Hotel Investments (KHI) for $843 million. Kingdom Holding has offered $5 a share for a 44 per cent stake in KHI. The offer has already been approved by a committee at the Kingdom Hotel. “The offer allows our minority shareholders the opportunity to crystallise cash value…
“The offer allows our minority shareholders the opportunity to crystallise cash value at a premium to the level at which KHI’s shares have been trading historically,” said the committee. “Limited liquidity and low trading volumes have affected and are likely to continue to affect the share price,” it added.
Meanwhile, according to a report released on Monday, Kingdom Hotel reported a 27 per cent increase in profit ($21.8m).
More Travel News
All travel news
Airline News
Qatar Airways Resumes Flights to Philadelphia
The airline marks Philadelphia as its 14th destination in North America
Read full story
Travel News
Thailand Unveils Summer Holiday 2026 Shopping
This summer, Central Shopping Centers invites international visitors to experience the best of shopping, dining, and leisure with Summer Holiday 2026, running from 20 July – 30 September 2026. Created exclusively for international tourists, the campaign offers shopping privileges across Thailand’s five world-class shopping malls: centralwOrld, Central Park…
Read full story
Travel News
Special "Ahlan Jordan" Prices for Tourists
The Ministry of Tourism and Antiquities and the Jordan Tourism Board, in cooperation with tourism associations, have launched the integrated digital platform "Ahlan Jordan" as part of measures to support the tourism sector and address the impact of regional circumstances on travel activity.
Read full story
Airline News
Flydubai increases flights to Milan and Naples
flydubai, the Dubai-based carrier, has increased its daily operations between Dubai and Naples and is set to boost its flights to Milan-Bergamo to a double-daily operation from 31 July, enhancing passenger connectivity to Italy.
Read full story