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Gulf Hotels Group not to raise stake in Family Leisure

Gulf Hotels Group not to raise stake in Family Leisure
Photo Credit: Arabianeye-Reuters
Bahrain Family Leisure
FAMILY
-10.00% 0.08 -0.01
Gulf Hotels
BHOTEL
0.00% 0.00 0.00

Mubasher: Gulf Hotels Group decided not to increase its stake in Bahrain Family Leisure, according to a bourse filing on Thursday.

The group’s decision came after new changes happened in its project plans.

Gulf Hotels announced its intentions to raise its stake in Family Leisure to reach 51%.

It is noteworthy that Gulf Hotels currently owns 25.25% in Family Leisure.