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.

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