Kingdom Holding plans IPO investments in 2016-2018

02/02/2015 Argaam


Kingdom Holding ​Company (KHC) ​is planning to float some ​of its ​investments between 2016-2018, Mohammed Fahmy, chief executive officer was quoted as saying in Bloomberg.

Flynas, the holding company’s 34 percent-owned subsidiary, ​is among these investments. However, Fahmy did not mention the other companies.

Prince Alwaleed Bin Talal​, chairman of KHC, ​is mulling an initial public offering or merger of Fairmont Hotels & Resorts or Four Seasons Holdings, which is 95 percent-owned by KHC with American businessman, Bill Gates.

The Saudi-listed company has also $1 billion in bank financing to be allocated for new investment opportunities worldwide.

Prince Al Waleed pledged to support debt-ridden Euro Disney by taking part in a rights issue to raise $1.1 billion as the amusement park seeks to cut debt.

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