Kingdom Holding Co. — Capital/Financing Update 2012

Sep 9, 2012

Kingdom Holding Company announces the a major SR 115 million renovation plan of the Four Seasons Hotel George V, Paris

4280 · 09/09/2012 16:24:07 · Announcement #26995 · View on Saudi Exchange

Kingdom Holding Company announces the a major SR 115 million renovation plan of the Four Seasons Hotel George V, Paris

Kingdom Holding Company announces that its subsidiary, Four Seasons Hotel George V, Paris embarked on a major renovation plan to refresh and renew its 244 rooms and the new penthouse suite. The total cost of the renovation is SR 115 Million and is being funded from the hotels operating cash flows and will be finished by the end of 2012. The George V Hotel continues to uphold its rank as the best hotel in Europe as per Ultratravel magazine ranking.

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