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The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), announced a 28% year-on-year increase in fee-related earnings (FRE) to $246 million, up from $192 million in FY 2022.
Ascott, the leading international lodging owner-operator, launched its annual KSA Roadshow, between October 2-4, 2023 across operating properties in Riyadh, Abha and Al Khobar. It will showcase its investment in Saudi s serviced-apartment market.