Riyad Capital is planning to acquire a stake in Boudl Hotels & Resorts, which operates in Saudi Arabia’s hospitality and accommodation sector, unnamed sources close to the matter told Argaam.
No further details were disclosed about the size of the planned stake or value of the deal.
Boudl operates more than 55 hotels under various brands, including Narcissus, Boudl, and Brera inside and outside the Kingdom.
The hospitality company recently launched Brera Hotel Riyadh and Brera Al-Aziziaya in Khobar.
Riyad Capital is a wholly-owned subsidiary of Tadawul-listed Riyad Bank.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}