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Wednesday, 14 March 2018

Prince Alwaleed closes hotel deal with Assad-linked businessman

Prince Alwaleed closes hotel deal with Assad-linked businessman:

"Prince Alwaleed bin Talal, the leading Saudi Arabian investor, has sold his stake in the Four Seasons hotel in the Syrian capital Damascus to a businessman linked to President Bashar al-Assad, according to people familiar with the matter.

The sale was completed while Prince Alwaleed was detained during an anti-corruption campaign led by Saudi Crown Prince Mohammed bin Salman, which began in November and wound down last month.

The buyer, people briefed on the transaction say, is Samer Foz, a relatively unknown businessman before Syria’s seven-year conflict whose profile has risen during the war."



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