10 June 2012
Dubai: Kingdom Holding, the Saudi company controlled by Prince Alwaleed bin Talal, climbed the most in almost two weeks after its unit sold its stake in Movenpick Resort & Spa Karon Beach Phuket for $90 million.
The shares advanced 5.2 per cent, the biggest intraday rise since May 29, to 11.05 riyals at 2:05pm in Riyadh.
The benchmark Tadawul All Share Index climbed 0.3 per cent. Kingdom Hotel Investments has sold its 100 percent stake to Crystal Caliber Sdn Bhd, a subsidiary of Malaysia's TA Global Bhd.
Dubai: Kingdom Holding, the Saudi company controlled by Prince Alwaleed bin Talal, climbed the most in almost two weeks after its unit sold its stake in Movenpick Resort & Spa Karon Beach Phuket for $90 million.
The shares advanced 5.2 per cent, the biggest intraday rise since May 29, to 11.05 riyals at 2:05pm in Riyadh.
The benchmark Tadawul All Share Index climbed 0.3 per cent. Kingdom Hotel Investments has sold its 100 percent stake to Crystal Caliber Sdn Bhd, a subsidiary of Malaysia's TA Global Bhd.
© Times of Oman 2012
