Tuesday, 02 January 2024 12:17 GMT

Euro Disney rights offering: KHC invests SR150m


(MENAFN- Arab News) Kingdom Holding Company chaired by Prince Alwaleed bin Talal fully participated in the rights offering of Euro Disney by investing EUR 35.1 million (SR150 million).
In October 2014 Prince Alwaleed met Tom Wolber president of Euro Disney S.A.S Paris and Mark Stead CFO of Disneyland Paris.
During the meeting the two discussed the latest developments in both KHC and Euro Disney in which KHC holds a 10 percent stake since its first investment in the company.
Moreover Prince Alwaleed and Wolber also discussed a number of general local regional issues and the current global economic climate.
They also discussed Prince Alwaleed's investments in Euro Disney and France and the social and economic bi-lateral relations between their respective countries.
In November 2014 a delegation from KHC visited Walt Disney's HQ in Los Angeles that included Dr. Adel Alsayed executive director for Private Equity International Investments and Mr. Mohammed Fahmy KHC's CFO who met with Tom Staggs Chairman Walt Disney Parks & Resorts Worldwide and Spencer Neumann Executive Vice President and Chief Financial Officer of Walt Disney Parks and Resorts.
In August 2014 French President Francois Hollande and Prince Alwaleed held a meeting at the French presidential Palace The Elysee.
During the meeting Hollande and Prince Alwaleed discussed political economic and cultural matters.



Arab News

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