Nov 17 2012
|more articles from|
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.
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
© Copyright Zawya. All Rights Reserved.