Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has sold its 90 per cent interest in the Four Seasons Resort Langkawi, Malaysia for $90 million.
The shares were sold to Leisure Ventures, an affiliate of Hotel Properties Limited (HPL), a Singaporean listed company.
Prince Alwaleed said: “This transaction marks yet another success for KHC’s value realisation strategy from growth market investments".
“KHC continues to be a stakeholder in this property through our interest in the management company Four Seasons Hotels and Resorts which will continue to operate the resort,” he said.
Kingdom Holding Company (KHC) is one of the world’s foremost value investment firm that is internationally renowned for its interest in both high performance global brand and strategic regional interests. Based in Riyadh, Saudi Arabia, KHC is led by its founder and chairman, Prince Alwaleed. Founded in 1980 and publicly traded since 2007, KHC has achieved three decades of exceptional investment success and is renowned for its diversified portfolio of global powerhouse brands and high performance regional investments. - TradeArabia News Service
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