Complex Made Simple

Rotana approves restructuring, expansion plans

Rotana Holding, chaired and majority owned by Prince Alwaleed, has said the board has approved expansion and restructuring plans, following a review of strategic plans and the operating and financial budget of 2013, Arab News has reported. Rotana, which did not provide details on the plans, operates one of the largest TV networks and ad sales operations in the region and owns the largest Arabic film library. The US' 21 Century Fox owns a 19% stake in Rotana.