Thursday 27 July 2017
 
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Kingdom Holding

Kingdom Holding acquires major stake in Careem

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has acquired a seven per cent stake in Careem, a leading ride-hailing service in the Middle East region.   It was done th

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Abraaj divests stake in Careem to Kingdom Holding

The Abraaj Group, a leading investor operating in growth markets, has divested its shareholding in Careem, one of the region’s leading transportation businesses, to Kingdom Holding Company. Founded in Dubai in 2012, Careem h

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Saudi Arabia's KHC to complete 'world's tallest tower' by 2019

The first stage of the one-km-high Jeddah Tower being developed by Saudi Arabia's Kingdom Holding Company, the investment firm owned by billionaire Prince Alwaleed bin Talal, is due for completion by 2019 after solving the financial issues

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Kingdom Holding Q1 net profit up 13pc

Kingdom Holding Company (KHC), chaired by Prince Alwaleed, has posted a net profit of SR129 million ($34.3 million) for the first quarter of the year, with an increase of 13 per cent compared to the same period of the last year. T

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KHC announces Flynas’ $8.6bn deal with Airbus

Kingdom Holding Company (KHC) has announced that Flynas, in which KHC owns a 34.08 per cent stake, has finalised an $8.6-billion deal with Airbus for the purchase of new aircraft. The ceremonial event will take place on January 16

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KHC sells stake in Mövenpick Accra for $100m

Saudi Arabia’s Kingdom Holding Company (KHC) announces that it has sold its 100 per cent interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel, a Mauritius-based fund, for a consideration of $100 million.

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KHC sells stake in Mövenpick Accra for $100m

Saudi Arabia’s Kingdom Holding Company (KHC) announces that it has sold its 100 per cent interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel, a Mauritius-based fund, for a consideration of $100 million.

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Kingdom Holding sells stake in Four Seasons Toronto

Saudi Arabia’s Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal has completed the sale of its ownership stake in Four Seasons Hotel Toronto. The transaction closed on September 30 for a gross considerat

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Kingdom Holding Q1 profit falls 25.4pc

Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 25.4 percent fall in first-quarter net profit on Thursday as income declined and finance charges increased. The inve

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French SWFs acquire $150m stake in KHC

Leading French sovereign funds and companies have jointly acquired a major stake in Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleel. As per the agreement with KHC, the sovereign fund CD

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