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.

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