Please wait...
GulfBase Live Support
- Commercial Bank successfully issues QR500m bonds
- PIF embraces 'precision finance' with diversified debt strategy, says Global SWF
- Trade volume with Saudi Arabia up 65% to QR4.9 billion: Qatar Chamber
- Dukhan Bank named 'Qatar's Best Bank for Consumers'
- Qatar Stock Exchange index at its best weekly performance since Oct 2023: Financial expert
- Dollar hits lows amid central bank independence concerns
- UAE growth forecast for 2025 and 2026 lowered by Central Bank
- Mepco unit breaks ground on tissue manufacturing facility at KAEC
- Trump's crypto project gets $100 million from UAE-based fund
- Saudi Exchange lowers tick sizes to cut investor costs, boost trading efficiency
18/03/2018 08:18 AST
Kingdom Holding Co is reviving talks to raise about $1bn in loans, weeks after its chairman Prince Alwaleed bin Talal was released from detention, people familiar with the matter said.
The investment firm restarted talks with local and international lenders about the financing backed by its stake in Banque Saudi Fransi, the people said, asking not to be identified because the discussions are private. Talks were put on hold in November after Alwaleed was arrested as part of an anti-corruption crackdown, people said at the time.
Alwaleed, the 65th-richest person in the world, was among princes, ministers and senior officials who were held at the Ritz-Carlton for almost three months. He told Reuters in January that his detention was a "misunderstanding."
Alwaleed in September bought a 16.2% stake in Saudi Fransi from Credit Agricole SA through Kingdom Holding using "available liquidity and current credit facilities" in a deal valued at about $1.54bn.
The investment firm is now Saudi Fransi's largest shareholder, adding to an extensive portfolio that includes a Citigroup Inc stake, which the prince has held since 1991. Kingdom Holding, in which Alwaleed owns 95%, is also an investor in Twitter Inc and Accor Hotels.
Kingdom Holding shares have fallen 12% since his November 4 detention, giving the company a market capitalisation of about $9bn. A spokesman for Kingdom Holding didn't respond to requests for comment.
Gulf Times
21/03/2018
Prince Al Waleed Bin Talal, just weeks after his release from detention in Riyadh's Ritz-Carlton, is hunting for deals again and planning to reshape his investment empire.
The prince, in hi
Gulf News
09/03/2018
Kingdom Holding Company (KHC) has signed a smart city consulting agreement to design ICT infrastructure and smart services for Jeddah Tower and Jeddah Economic City Project on behalf of the Jeddah Ec
Arab News
09/02/2018
Kingdom Holding Company (KHC) has signed an electrical power agreement worth SR180 million ($48 million) with Saudi Electric Company (SEC), on behalf of the JEC partners (which includes Kingdom Holdi
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 200.00 | -4.00 (-1.97 |
| BAYANINV | 56.70 | 0.70 (1.25 |
| GFC | 140.00 | -2.00 (-1.41 |
| TADAWULGROUP | 175.60 | 1.40 (0.80 |
| ALBAHA | 3.50 | 0.04 (1.15 |
27/06/2025
Commercial Bank (a Qatari public shareholding company) successfully issued a 3-year tenor, QR500m Senior-Unsecured Bonds with a coupon of 4.90%.
In a statement published on the Qatar Stock E
The Peninsula
27/06/2025
Dukhan Bank has been awarded the title of "Qatar's Best Bank for Consumers" at the prestigious Euromoney Awards for Excellence 2025, reaffirming the Bank's leadership in delivering outstanding, Shari
The Peninsula
27/06/2025
Middle East Paper Company (Mepco), one of the largest paper manufacturers in the region, has announced that its key unit - Juthor Paper Manufacturing Company - has broken ground on TM6 - the second p
Trade Arabia
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia