The Kingdom Holding Sell Half its Stake, in Four Seasons

Sale transaction and receipt of cash proceeds amounting to SR8.29 billion was concluded by the Kingdom Holding.

The completion was as previously announced on the Tadawul website, on September 8, 2021, following obtaining regulatory approvals and completing the sale procedures for the establishment of a subsidiary, known as the Kingdom Investment Company, by selling half of its stake in the Four Seasons Holding, equivalent to 23.75% to FS Washington Acquisition Corp, retaining a remainder 23.75% stake, in Four Seasons Holding.

Meanwhile, gains of as much as SR5.9 billion are expected to be realized, during this first quarter of 2022.