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FINANCIAL NEWS
Saudi KHC sells second plot to Subul for USD80m
13 Jan 2013
(MENAFN) Kingdom Holding Co (KHC), owned by Saudi billionaire Prince Alwaleed bin Talal, has transferred a one million sqm plot of land just outside Riyadh for USD80 million, Arabian Business reported.
The company said the transaction with Jeddah’s Subul Development Co resulted in a profit of USD49 million.
This is the second plot of land KHC sells to Subul in the last three months. The developer bought a 970,000 sqm patch of land in the same area for USD66.7 million in October.
Kingdom Holding holds stakes in some of some valuable firms in the world including News Corporation, Twitter, Four Seasons Hotels, the Savoy Hotel in London, Disneyland Paris, Apple and George V Hotel in Paris among others.
More News
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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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