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Kingdom Hotel Investments sells its interest in Mövenpick Mauritius

Saudi Arabia: Sunday, June 02 - 2013 @ 15:52

Prince Alwaleed commented, “This sale marks yet another successful transaction for KHI as we continue to realize value for our investors.”

Mr. Sarmad Zok, Chairman and CEO of KHI and Member of KHC’s Board of Directors commented, “We are delighted to be partnering with Outrigger Hotels and Resorts on this successful sale. This seamless transaction is a testimony to both parties’ commitment and professionalism, as well as further demonstration of the quality of KHI’s emerging market investments.”

KHI continues to be invested in Mauritius through its ownership stake in the Four Seasons Resort Mauritius at Anahita.

Headquartered in Dubai (UAE), KHI is the leading international hotel and resort investment company focused on high growth emerging markets such as the Middle East, Asia, and Africa. The company has ownership interests in 17 properties in 12 countries.

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Sunday, June 2- 2013 @ 15:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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