Browsing Tag

Four Seasons Hotel

Red Sea Global closes $522m financing deal with Riyad Bank for luxury hotel

Red Sea Global has secured a SR2 billion ($522 million) financing deal to advance the development of the Four Seasons Hotel on Shura Island in Saudi Arabia. RSG announced that financial closure with Riyad Bank supports its ongoing joint…
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Business

RSG signs $533m deal with KHC to develop Four Seasons Resort Red Sea, unveils new private island…

Saudi giga-project Red Sea Global has agreed a SR2 billion ($533 million) investment deal with Kingdom Holding Co. to develop two new hospitality venues. The joint venture will see the companies in a 50-50 partnership to develop and own…
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Business

Kingdom Holding concludes selling half of its stake in Four Seasons hotels

Kingdom Holding Co. said it had concluded selling half of its shares in Four Seasons hotels and collected cash proceeds of SR8.29 billion ($2.21 billion) from the sale, according to a bourse filing. The company, known as KHC, said the…
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