A look at Al Tayyar Group's major investors

Al Tayyar Travel Group Holding Co. has provided a list of its 15 major shareholders as it prepares to make an acquisition offer to purchase a 30 percent stake in Thakher Investment and Real Estate Development Co.

The list includes: Prince Mohammad bin Fahd bin Abdul-Aziz, the General Organization for Social Insurance (GOSI), three investment funds run by Samba Financial Group (Samba), and Nasser Al Tayyar’s directly and indirectly owned shareholdings.

Al Tayyar invited investors who hold at least 20 stocks in the company to vote on a capital raise at its extraordinary general meeting on March 10.

The capital hike aims to finance the acquisition of the 30 percent stake in Thakher Investment and Real Estate Development Co. in a share swap deal through the issuance of 9.65 million shares equally to Mohammed Alsubeaei & Sons Investment Company (MASIC) and Abdullah Almishal & Sons Co.

Under the agreement, Al Tayyar shares issued to MASIC and Almishal will be worth SAR 83.30 each.