Kingdom Holding Company (KHC) is planning to float some of its investments between 2016-2018, Mohammed Fahmy, chief executive officer was quoted as saying in Bloomberg.
Flynas, the holding company’s 34 percent-owned subsidiary, is among these investments. However, Fahmy did not mention the other companies.
Prince Alwaleed Bin Talal, chairman of KHC, is mulling an initial public offering or merger of Fairmont Hotels & Resorts or Four Seasons Holdings, which is 95 percent-owned by KHC with American businessman, Bill Gates.
The Saudi-listed company has also $1 billion in bank financing to be allocated for new investment opportunities worldwide.
Prince Al Waleed pledged to support debt-ridden Euro Disney by taking part in a rights issue to raise $1.1 billion as the amusement park seeks to cut debt.
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