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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 ....

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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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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. ....

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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 ....

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