30 May 2013
RIYADH -- Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), inaugurated on Monday the Raffles Seychelles Resort and Residences on the northeast tip of Praslin Island, the second largest island in the Seychelles.
The inauguration was attended by Simon Hirst, General Manager, Raffles Seychelles Resort and Residences and a delegation from KHC that included Dr. Nahla Alanbar, Ms. Amani Algahtani, Naief Alzuhair, Ms. Manal Alshammary, Hani Agha, Fahd Bin Saad Bin Nafel and the Resort and Residences executives and Mohammed Alfaraj.
The Raffles Seychelles Resort and Residences is a 90-luxury villa resort hotel and 17 private residential villas. The cost of the Raffles Seychelles Resort and Residences is $137 million and managed by Fairmont in which KHC owns a 38% stake.
Prince Alwaleed was awarded in 2010 The Republic of the Seychelles Plaque, the highest honor granted by the country in recognition of his invaluable contribution to the socio-economic development of the country for the people of Seychelles.
Kingdom Holding's other investments in the Seychelles is through the management of Four Seasons Resort Seychelles. The Resort has 62 tree house villas, five suites and 28 Private Residences. The Four Seasons in which Kingdom Holding holds a 47.5% stake and is co-owned by Bill Gates' Cascade in which the company holds a 47.5% stake, and 5% of the Four Seasons is owned by Isadore Sharp.
RIYADH -- Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), inaugurated on Monday the Raffles Seychelles Resort and Residences on the northeast tip of Praslin Island, the second largest island in the Seychelles.
The inauguration was attended by Simon Hirst, General Manager, Raffles Seychelles Resort and Residences and a delegation from KHC that included Dr. Nahla Alanbar, Ms. Amani Algahtani, Naief Alzuhair, Ms. Manal Alshammary, Hani Agha, Fahd Bin Saad Bin Nafel and the Resort and Residences executives and Mohammed Alfaraj.
The Raffles Seychelles Resort and Residences is a 90-luxury villa resort hotel and 17 private residential villas. The cost of the Raffles Seychelles Resort and Residences is $137 million and managed by Fairmont in which KHC owns a 38% stake.
Prince Alwaleed was awarded in 2010 The Republic of the Seychelles Plaque, the highest honor granted by the country in recognition of his invaluable contribution to the socio-economic development of the country for the people of Seychelles.
Kingdom Holding's other investments in the Seychelles is through the management of Four Seasons Resort Seychelles. The Resort has 62 tree house villas, five suites and 28 Private Residences. The Four Seasons in which Kingdom Holding holds a 47.5% stake and is co-owned by Bill Gates' Cascade in which the company holds a 47.5% stake, and 5% of the Four Seasons is owned by Isadore Sharp.
The Saudi Gazette 2013
