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Kingdom Holding Company announces that an affiliate has signed an agreement to sell half of its stake in Four Seasons Holding Company, representing 23.75% for a consideration of SR8.29 billion, and retaining a 23.75% ownership of Four Seasons Holding Company.

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Introduction Kingdom Holding Company announces that an affiliate has signed an agreement to sell half of its stake in Four Seasons Holding Company, representing 23.75% for a consideration of SR8.29 billion, and retaining a 23.75% ownership of Four Seasons Holding Company.
Transaction Details Kingdom Holding Company announces that an affiliate has signed an agreement to sell half of its stake in Four Seasons Holding Company, representing 23.75% for a consideration of SR8.29 billion, and retaining a 23.75% ownership of Four Seasons Holding Company.
Transaction Value SAR8.29 billion
Transaction Terms Obtaining applicable regulatory approvals and satisfaction of other customary closing decisions
Parties of the Transaction An affiliate of Kingdom Holding Company with an affiliate of cascade investment
Transaction Funding Method N/A
Transaction Execution Date 2021-09-08 Corresponding to 1443-02-01
Description of the Business of the Asset forming the Subject Matter of the Transaction engaged in the management of, and the investment in, hotels, resorts and

branded residential projects throughout the world

Asset Book Value SAR2.25 billion
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction N/A
Transaction reasons As part of the company's operations
Expected Impact of the Transaction on the Company and Its Operations Cash inflows of SAR 8.29 billion and a gain of SAR 5.9 billion, the deal is expected to be closed in January 2022
Details of Using The Proceeds of the Asset Sale Proceeds from the sale will be used for future investments and repayment of part of its outstanding loans.
Related Parties N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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