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FINANCIAL NEWS
Saudi’s KHC owns 5.8 percent of AccorHotels at USD3.2bn deal
13 Jul 2016
(MENAFN) Kingdom Holding Co. (KHC) proclaimed that it has finished the combination of its Fairmont Raffles luxury hotel platform with France hospitality group ‘AccorHotels.”
Moreover, AccorHotels signed a deal with KHC, Qatar Investment Authority and Oxford Properties for the acquisition of FRHI Holdings Ltd.
Additionally, KHC is now a 5.8 percent shareholder in AccorHotels in an USD3.2bn agreement with one representative of the board of directors.
Meanwhile, KHC becomes a notable shareholder in one of the largest and most spread hospitality platforms in the world with more than 4,000 hotels.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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