Browse related articlesAlwaleed boosts stake in LBC Sat
Saudi Arabia: Wednesday, July 09 - 2008 at 11:54
Prince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding Company, has raised his ownership stake in 'LBC Sat' to around 85% by providing a capital increase of $78m. LMH Group, the owner of LBC Sat, the satellite broadcast channel, and PAC, the television broadcast production company, raised its total capitalisation from $25m to $123m, to further fund the long-term development of the Beirut-based group. With this deal, Prince Alwaleed's stake in the LMH Group has increased from 49% to around 85%, said a company official.
Also consider reading:
- » Sign and Graphic Imaging show set for Dubai
- » Abu Dhabi TV plans new channel
- » Bahrain's blogger's to sign ethics code
- » ENG offers new consumer magazines
- » Abu Dhabi Media buys new OB fleet
- » ESPN to broadcast ICC events
- » Action wins The Diplomatic Club
- » DIFF to showcase films in London
- » Kassab Media wins Ibn Battuta Mall
- » Saudi cleric criticises fatwa against journos
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
Jeff Florian, Senior ReporterWednesday, July 09 - 2008 at 11:54 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Sunday, July 13 - 2008
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds