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Zahid Group Becomes Dalata's Biggest Shareholder

Published on Sep 23 2020 11:11 AM in Hotel tagged: Trending Posts / Dalata / Zahid Group Holding

Zahid Group Becomes Dalata's Biggest Shareholder

Saudi Arabia's Zahid Group has become Dalata Hotel Group's single biggest shareholder.

More Than Doubled

It was reported in August that the Zahid family had built up a 4% stake in Dalata worth over €18 million, and, in the past month, Zahid Group's stake in the hotel firm has more than doubled.

8.05%

As reported by The Irish Independent, a stock market filing on September 22 indicated that Zahid Group now controls 8.05% of Dalata, with its stake currently consisting of 17.9 million shares and being valued at €44.7 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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