Qatar Diar buys stake in Fairmont Raffles

05 April 2010

Saudi-based Kingdom Holding has agreed sell a stake in Fairmont Raffles to Qatari Diar Real Estate Investment Co. in an $847m deal. Kingdom Holding's stake in Fairmont Raffles dropped from 60% to 35% after the transaction. Qatari Diar will hold 40% of Fairmont Raffles.

A MEED Subscription...

Subscribe or upgrade your current 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.

Get Notifications