Mubasher: Kuwait Hotels clarified that its business in Qatar includes only operating Safir Doha Hotel through the Kuwaiti company’s subsidiary, Safir International Hotel Management.

This disclosure followed the Capital Markets Authority’s (CMA) request for companies and banks to reveal their exposure to the Qatari market, according to a bourse statement issued on Monday.

It is noteworthy that Kuwait Hotels owns a 90.9% stake in Safir International Hotel Management.