Kingdom Hotel offers share buyback

03 January 2009

Dubai-based Kingdom Hotel Investments has offered to buy back up to 7.5 million of its Global Depositary Shares (GDS) for between $1 and $1.30 per share, Khaleej Times has reported. Owned by Saudi billionaire Prince Alwaleed bin Talal, the company's GDS was trading at $1.20 on Friday at the London Stock Exchange.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.