James Murdoch, Chairman and Chief Executive, Europe and Asia, News Corporation, said:
"A stake in Rotana expands our presence in a region with a young and growing population, where GDP growth is set to outstrip that of more developed economies in the years ahead. Rotana is a leading player in the Middle East and we look forward to working together."
Prince Alwaleed Bin Talal said, "We are delighted to have this partnership with News Corporation. As one of the world's most global media companies, it has an unrivalled record in developing businesses at scale around the world. This investment will strengthen our existing relationship, building Rotana's presence across the region and expanding its reach to the Arab Diaspora around the world."

Posted by Siba Sami Ammari



