Kingdom Holding announced takeover of KHI

06 May 2010

Kingdom Holding has said it has successfully taken over Kingdom Hotel Investments after shareholders endorsed an offer of $5 per share, Arab News has reported. KHI, which is based in the Dubai International Financial Centre, will apply to Nasdaq Dubai to cancel its listing and the cancellation of the trading of its global depository shares on the London Stock Exchange. KHC has also announced that an offer for the remaining 6% of shares will remain open until May 18.

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