Saudi Arabia's Zahid family has built up a 4% stake in Dalata Hotel Group worth over €18 million.
According to The Business Post, the Zahid family spent over €19.2 million buying a stake in Dalata in two separate trenches through their Zahid Group Holding company.
Share Figures
When the stake was purchased, Dalata's shares were trading at just under €2.60. Since then, the shares have fallen to approximately €2.45, valuing the stake at €18.2 million.
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
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