The company would receive SAR 565 million in cash, as well as the acquisition of convertible bonds at Uber for SAR 685 million.
Kingdom Holding’s employees welcomed Prince Alwaleed bin Talal at the entrance of the company with clapping, a video on social media showed.
Saudi Arabian investment firm Kingdom Holding plans to sell its stakes in the Moevenpick Hotel and Four Seasons Hotel in Beirut.
Saudi authorities have previously confirmed that almost all the 19 have been detained in a sweeping corruption investigation.
Saudi firm Kingdom Holding said it had the support of the country's government after billionaire chairman Prince Alwaleed bin Talal was detained
Al-Waleed Bin Talal jointly with of Talaat Mostafa Group will transfer the Four Seasons Resort of Sharm el-Sheikh to the largest hotel in the world.