Saudi Arabian family takes 4% stake in Dalata
The cost of the stake in the listed hotel group was a reported €19.2 million
A well known Saudi business family has built up a 4 per cent stake worth more than €18 million in Dalata, the listed hotel group.
The Zahid family spent more than €19.2 million buying a stake in the company in two separate tranches, through their Dubai-based Zahid Group Holding company.
When the firm bought the stake, the company’s shares were trading at just below €2.60. Since then, the shares have fallen slightly to around €2.45, valuing...
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