Al-Tayyar Travel Group took full control of Almothmera Investment Company by buying a remaining 25 percent stake in the company for SAR 208.3 million.
The group’s subsidiary Al-Tayyar Holidays Travel Group signed the buyout contract today, according to a Tadawul filing.
The deal is financed from internal resources and a positive impact expected in the first quarter of 2015.
Almothmera specializes in real estate development, owns hotels and towers in Mecca, and was 75 percent owned by Al-Tayyar since 2013.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}