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FINANCIAL NEWS
Shuaa completes sale of stake to Rotana
04 Aug 2010
(MENAFN) Private equity branch of Shuaa Capital, Shuaa Partners, said its Shuaa Partners Fund I has completed the sale of its entire share in Rotana Hotel Management Corporation to Rotana Chairman Nasser Al Nowais, Gulf News reported.
The fund made the investment in 2006 through a private placement to fund Rotana?s rapid expansion. During the fund?s holding period, Shuaa Partners played an active role in Rotana?s development and participated on its board of directors.
Rotana was also retained as the exclusive manager and operator of 4 and 5-star hotels, resorts, serviced apartments and budget business hotel properties to be developed in Saudi Arabia by the Shuaa Saudi Hospitality Fund I and in the Middle East and North African region by Shuaa Hospitality Fund I.
Rotana is an anchor investor in the Shuaa Hospitality Fund I.
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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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