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.

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