Stake in Fairmont Raffles sold for SAR3.2 billion
Published by Irhal
April 6- Kingdom Holding Co’s Prince Alwaleed bin Talal has said that the Qatari Diar has paid SAR3.2 billion ($847 million) to acquire a 40 per cent stake in Fairmont Raffles Holdings International, a subsidiary of the prince's company. The money will be used to finance most projects of Fairmont Raffles. “The investment underlines the strength of FRHI's [Fairmont Raffles] brands and management capabilities and…
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