Nov 17 2012 |
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Saudi Kingdom Holding Co. Completes $200M Toronto Four Seasons Hotel Buy
Saturday, Nov 17, 2012
RIYADH (Zawya Dow Jones)-- Saudi Arabia's Kingdom Holding Co. (4280.SSE), the investment vehicle owned by Saudi Prince Al Waleed bin Talal, said Saturday it has completed the $200 million purchase of the Four Seasons Toronto Canada.
The transaction was funded by a $130 million mortgage loan with the remainder coming from its own resources, Kingdom Holding said in a statement posted on the Saudi bourse website.
Last month Kingdom holding reported a 10.2% increase in its 3Q net profit attributing this increase to higher income from investments.
Kingdom Holding Co. closed Wednesday at SAR16.75.
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17-11-12 0716GMT
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