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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.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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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