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Kingdom Hotels announces buyback plan
The Saudi Gazette Published in The Saudi Gazette on 20 - 10 - 2008

Kingdom Hotel Investments, the company controlled by Saudi Prince Alwaleed Bin Talal, has announced plans to buy back its shares, online news service arabianbusiness.com said Sunday.
Company chiefs will hold an extraordinary general meeting of shareholders on Nov. 10 at its Dubai offices to discuss the buyback proposal, the company said in a statement to the Dubai International Financial Exchange.
Kingdom has holdings in 31 upscale hotels and resorts in 20 countries, including eight that are under construction.
Its hotels are managed by partners such as Fairmont Hotels and Resorts Inc and Movenpick Holding AG.
The company's shares, which are traded on the Dubai International Financial Exchange and the London Stock Exchange, have dropped 24.2 percent this year to $6.30.

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