4280 · 31/01/2011 15:30:15 · Announcement #20205 · View on Saudi Exchange

Kingdom Holding Company Announces Kingdom Hotel Investments Sale of Swisstel Kunshan in the People's Republic of China

Kingdom Holding Company (KHC) announced today, Monday 31/01/2011, that Kingdom Hotel Investments, a 100% owned subsidiary of Kingdom Holding Company, has signed an agreement to sell 100% of its interest in the Swisstel Kunshan in the People's Republic of China for SR 228.8 ($61 million). The transaction is due to be completed in March 2011.

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