Riyadh – Mubasher: Kingdom Holding Company (KHC) swapped 9% of Euro Disney company shares into the Walt Disney Company.
The company maintains 1% direct ownership in EuroDisney S.C.A. (Disneyland Paris) in a transaction valued at around SAR 566 million ($151 million), according to a press release.
The deal generated SAR 228 million ($61 million) net profit from this transaction.
KHC stated that the deal comes in line with company’s investment strategy and continued confidence in the Disney brand.
“We continue to have confidence in Disney and remain committed to investing in France,” KHC chair, Prince Alwaleed said.
