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ADQ and Adnec to acquire a 40 5% stake in Egypt-based hospitality firm

Group owns Four Seasons Cairo, Kempinski Nile Hotel Cairo, Four Seasons Sharm El Sheikh

Al iskandariyahAl qahirahMarsa alamAl bar ala marSharm el sheikhJanub sinaOmar khayyam zamalekHumaid matar al dhaheriHisham talaat moustafaMohamed hassan alsuwaidiAbu dhabiSteigenberger hotel el tahrir cairoKempinski nile hotel cairoVicon groupSteigenberger cecil hotel alexandriaAdnec group

UAE Business: Abu Dhabi groups buy 40pc stake in TMG s hospitality unit

ADQ, an Abu Dhabi-based investment and holding company, and

Sharm el sheikhJanub sinaAl iskandariyahAl qahirahMarsa alamAl bar ala marOmar khayyam zamalekHumaid matar al dhaheriHisham talaat moustafaKempinski nile hotel cairoAdnec groupSteigenberger hotel el tahrir cairoSteigenberger cecil hotel alexandriaTradearabia news serviceTalaat moustafa group holdingVicon group

ADQ, ADNEC Group sign definitive agreements over hospitality business in Egypt

ADQ, ADNEC Group sign definitive agreements over hospitality business in Egypt
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Marsa alamAl bar ala marSharm el sheikhJanub sinaUnited arab emiratesAl iskandariyahAl qahirahHisham talaat moustafaHumaid matar al dhaheriOmar khayyam zamalekTalaat moustafa group holdingSteigenberger hotel el tahrir cairoAmoun pharmaceutical companyKempinski nile hotel cairoSteigenberger cecil hotel alexandriaAbu dhabi based

Abu Dhabi groups buy 40pc stake in TMG s hospitality unit

Abu Dhabi group ADQ has joined hands with Adnec to acquire a strategic 40.5% stake in Icon Group, the hospitality arm of Egypt-based Talaat Moustafa Group through a capital increase. The Icon owns 3 Four Season properties as well as a Kempinski hotel.

Al iskandariyahAl qahirahSharm el sheikhJanub sinaMarsa alamAl bar ala marOmar khayyam zamalekHisham talaat moustafaHumaid matar al dhaheriAbu dhabiVicon groupKempinski nile hotel cairoTalaat moustafa group holdingSteigenberger cecil hotel alexandriaTradearabia news serviceAdnec group

ADQ, ADNEC to acquire 40 5% stake in Egyptian hospitality firm

ADQ and ADNEC will invest through a special purpose vehicle, with 49 per cent equity ownership owned by ADQ and 51 per cent by ADNEC

Marsa alamAl bar ala marAl qahirahAl iskandariyahSharm el sheikhJanub sinaAbu dhabiHumaid matar al dhaheriHisham talaat moustafaOmar khayyam zamalekTalaat moustafa group holdingSteigenberger hotel el tahrir cairoSteigenberger cecil hotel alexandriaKempinski nile hotel cairoEgypt based talaat moustafa group holdingMatar al dhaheri