Tuesday, December 30, 2014

Mövenpick Dubai sold by Alwaleed's Kingdom Holding for $95m

Dubai-based Kingdom Hotel Investments (KHI), a subsidiary of Saudi Arabia's Kingdom Holding Company, has sold its 100 percent interest in Movenpick Hotel and Apartments Bur Dubai.
The group sold its stake to a UAE-based investment company for $95 million in November this year, it was announced on Sunday.
http://www.arabianbusiness.com/m-venpick-dubai-sold-by-alwaleed-s-kingdom-holding-for-95m-576690.html#.VKOYnV4AB4

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