Saudi royal plans float of hotel and media assets

[emad]

Saudi royal plans float of hotel and media assets
By Nic Hopkins



PRINCE Alwaleed bin Talal, the world’s fifth-wealthiest man, has revealed plans to float hotel and media assets worth more than $2 billion (£1.4 billion) in Dubai and London over the next two years.

Prince Alwaleed, whose fortune is estimated at $24 billion, told The Times that he planned to sell shares in his Middle Eastern joint venture Kingdom Hotels Investment Group before the end of the year.

The company to be floated would own a portfolio of hotels in the Middle East and Africa, including a group of resorts in Kenya recently purchased from Lonrho, while the prince would retain his stakes in Western hotels such as The Savoy in London, George V in Paris and a large stake in Four Seasons Hotels and Resorts.

“The company will be worth more than $1 billion, with a dual listing in Dubai and London,” Prince Alwaleed said.
http://www.timesonline.co.uk/newspaper/0,,171-1699068,00.html


ALWALEED is mega crook, once sponsored by Putin to sell bootleg petroleum to the North Koreans...

Poppy's fave Saudi envoy Prince Bandar gave him a bank reference in 1990 which helped him raise over $250million in business loans on zero collateral.....

[rodeodance]

1. lush greed and fluency now afloat!