Disneyland - Paris has announced that it was recently informed by Prince Alwaleed bin Talal's advisor, PJ Shoucair, that the Prince who is currently the second largest shareholder of the Company (through Kingdom 5-KR-135 "Kingdom," a trust for the benefit of Prince Alwaleed and his family), intends to subscribe for up to 25 million in additional shares in the upcoming capital increase in order to retain at least a 10% ownership interest in the Company, after taking into account the completion of such capital increase.
"The Prince is supportive of the latest Disneyland-Paris restructuring and believes it addresses the Company's liquidity issues while allowing the Company to achieve sustainable growth," commented PJ Shoucair.
Prince Alwaleed (through trusts benefiting him and his family) debuted his Disneyland-Paris investment in 1994 with $345 million. In 2000 HRH invested $50 million in The Disney Company, the entertainment giant and parent company of the famed Disneyland theme park in California and the Walt Disney World in Florida. It also produces movies, publishes books and magazines, and has a stake in the ABC TV and radio network.
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About Kingdom:
HRH Prince Alwaleed is the president of Kingdom 5-KR-135, Ltd. HRH Prince Alwaleed's privately-owned investment arm, Kingdom Holding Company (KHC), was founded in 1979. KHC and HRH Prince Alwaleed have been involved in the creation of a diversified portfolio of strategic stakes in well-known companies around the world. Through trusts and other entities benefiting HRH Prince Alwaleed bin Talal and his family, substantial investments have been made in a number of sectors covering banking, hotels, media, telecommunications, technology, construction and real estate, entertainment, and upscale fashion, among numerous others. Significant direct and indirect investments include interests in Citigroup, Four Seasons Hotels & Resorts, Fairmont Hotels and Resorts, M?venpick Hotels and Resorts, the George V hotel, the Plaza New York, News Corp., Time Warner, Motorola, Apple Computers, Canary Wharf, Disneyland Paris, Disneyland Resort in California, Walt Disney World Resort in Florida, Saks Inc. and Kingdom Center.*
*Investments outside of the Kingdom of Saudi Arabia are held by HRH Prince Alwaleed or by Trusts for the benefit of HRH Prince Alwaleed and his family.
For further information, contact:
Kingdom Holding Company
Amjed Shacker
+966-1-211-1111
+966-505-442-066
aes@kingdom.net
Press Release 2005
