08 Oct 2012
(MENAFN) Kingdom Holding Company (KHC), chaired by Saudi billionaire Prince Alwaleed bin Talal, has sold a plot of land in Riyadh to Subul Development for USD66.66 million, Reuters reported.
KHC said it sold 970,000 square metres of Kingdom Projects land located east of Riyadh, and expected to add USD38.3 million profit from the sale to its third quarter balance sheet.
Earlier this month, KHC sold its stake in the Fairmont Hotel and Raffles Suites & Residences in Manila for USD58.1 million.
The firm, which owns stakes in Rupert Murdoch’s News Corp and microblogging site Twitter, is planning to raise up to USD500 million from a syndicated loan to refinance existing debt.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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