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FINANCIAL NEWS
Istithmar World becomes sole owner of Dubai’s Atlantis
18 Jun 2012
(MENAFN) Istithmar World PJSC, the investment arm of Dubai World, said it bought 50 percent stake in Atlantis The Palm from Kerzner International Holdings Limited (KIHL) for USD250 million, becoming the sole owner of the resort, Saudi Gazette reported.
Kerzner will continue to run Atlantis The Palm, which was jointly developed by Istithmar World and KIHL.
The resort, opened in 2008, has played an integral role in establishing Dubai as a world class tourist destination.
Atlantis The Palm, Dubai’s megaresort flagship, has 1,537 rooms, a world class waterpark and 18 restaurants.
More News
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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