Kingdom Holding Co. — Capital/Financing Update 2012

Oct 6, 2012

Kingdom Holding Company Announces the sale of its Interest in Fairmont Hotel & Raffles Suites & Residences Manila, Philippines

4280 · 06/10/2012 08:44:50 · Announcement #27147 · View on Saudi Exchange

Kingdom Holding Company Announces the sale of its Interest in Fairmont Hotel & Raffles Suites & Residences Manila, Philippines

Kingdom Holding Company announces today Saturday 6/10/2012, that Kingdom Hotel Investments, a 100% owned subsidiary of Kingdom Holding Company, has signed an agreement to sell its interest in the Fairmont Hotel and Raffles Suites & Residences Makati Development in Manila, Philippines for SAR 218 million (USD$58.1 million) The transaction closed on Wednesday October 3, 2012. The estimated profit from the sale is 22.5 million Saudi Riyals (USD$6 million)

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