RIYADH: Kingdom Holding Co. said it had concluded selling half of its shares in Four Seasons hotels and collected cash proceeds of SR8.29 billion ($2.21 billion) from the sale, according to a bourse filing. The company, known as KHC, said the expected gain of SR5.9 billion will be recognized in the first quarter of 2022. KHC will retain a 23.8-percent stake in Four Seasons
RIYADH: Saudi bourse’s main index, TASI, ended the prior trading day slightly higher, buoyed by higher oil prices despite another spike in COVID-19 cases. TASI edged up by 0.3 to 11,357 points, and the parallel market Nomu lost 1 percent to reach 25,778 points. The Kingdom saw 2,585 COVID-19 newly confirmed cases on Tuesday, a report by the Saudi Health Ministry revealed. In
Saudi-based Kingdom Holding Company (KHC) has announced that one of its affiliates has sold half of its shareholding in Four Seasons Hotels and Resorts to a unit of Cascade Investment, its long-term investment partner, for SR8.29 billion ($2.21 billion).
Travel, Tourism & Hospitality Kingdom Holding unit sells 50pc Four Seasons stake for $2 2bn ttnworldwide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttnworldwide.com Daily Mail and Mail on Sunday newspapers.