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KINGDOM
4280
21.41%
8.62
1.52
4280
Riyadh- Mubasher: Kingdom Holding Company announced that US-based FS Washington Acquisition Corp. was the buyer of the equity in Four Seasons Holding Company, according to a bourse disclosure on Thursday.
FS Washington Acquisition is affiliated to Cascade Investment Company.
Meanwhile, the seller was Kingdom Investment I (TSF), an affiliate to the Saudi listed company.
The US firm has bought 23.75% equity in Four Seasons from Kingdom Holding’s unit for SAR 8.29 billion.
Source:
Mubasher