Multi Sector Holdings - News
KHC nets $61m from Euro Disney share swap deal
(Trade Arabia - 12/02/2017)
Saudi Arabia's Kingdom Holding Company, the investment firm owned by billionaire Prince Alwaleed bin Talal, said it has swapped nine per cent of Euro Disney company shares into Walt Disney Company while maintaining its one per cent direct ownership in ...
UDC records QR681m net profit for 2016
(The Peninsula - 08/02/2017)
Qatar's leading developer United Development Company (UDC) posted a net profit of QR681m for the year ended December 2016. The profit attributable to owners of the company stood at QR623m for the year. UDC, the master developer of The Pearl Qatar , also ...
UDC lays foundation stone for construction of ‘Al Mutahidah Towers’
(Gulf Times - 05/02/2017)
United Development Company (UDC), master developer of The Pearl-Qatar, recently laid the foundation stone for the construction of the company’s latest residential development ‘Al Mutahidah Towers’, located in the Viva Bahriya district at The Pearl. The ...
Alwaleed Philanthropies contributes $700m toward humanitarian work
(Saudi Gazette - 30/01/2017)
ALWALEED Philanthropies (AP), chaired by Prince Alwaleed Bin Talal, held the Board of Trustees meeting of Alwaleed Philanthropies — Saudi Arabia and Alwaleed Philanthropies – Global at the foundation’s headquarters in Riyadh last Jan. 11. The meeting was ...
Al Anwar Holding to divest from Falcon Insurance
(Oman Daily Observer - 19/01/2017)
Al Anwar Holdings SAOG (AAH), an Oman-based company listed on the Muscat Securities Market, has announced that it will be divesting part of its holding in Falcon Insurance Company SAOC. The company said in a filing to the Capital Market Authority that ...
KHC sells stake in Mövenpick Hotel Ambassador Accra
(Saudi Gazette - 11/01/2017)
Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal announced that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments ...
UDC inks $200m Qatar project finance agreement
(Trade Arabia - 19/12/2016)
Qatar-based United Development Company (UDC) and The Commercial Bank have signed a QR730 million ($200 million) financing agreement to fund the construction of "Al-Mutahidah Towers", an ambitious development within the company’s flagship project, The ...
Qatar UDC sells key commercial tower for $342m
(Trade Arabia - 15/12/2016)
United Development Company (UDC), the master developer of The Pearl-Qatar, has finalized the sale of The Pearl office Tower 2, one of two iconic commercial towers situated at the entrance of The Pearl within the Abraj Quartier precinct, to a strategic ...
Saudi builder Al-Khodari puts value of delayed work at SR362 million
(Arab News - 23/11/2016)
Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday that projects worth SR362.2 million ($97 million) had been delayed due to factors ranging from clients’ funding shortages to slow visa issuance. Al-Khodari, which ...
UDC plans $329m new projects in Pearl-Qatar
(Trade Arabia - 15/11/2016)
United Development Company (UDC), one of the leading Qatari shareholding companies, has signed contracts worth QR716 million ($197 million) to develop three new projects at its flagship development The Pearl-Qatar. The signing event which was held at the ...
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