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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