Riyad Capital is planning to acquire a stake in Boudl Hotels & Resorts, which operates in Saudi Arabia’s hospitality and accommodation sector, unnamed sources close to the matter told Argaam.

 

No further details were disclosed about the size of the planned stake or value of the deal.

 

Boudl operates more than 55 hotels under various brands, including Narcissus, Boudl, and Brera inside and outside the Kingdom.

 

The hospitality company recently launched Brera Hotel Riyadh and Brera Al-Aziziaya in Khobar.

 

Riyad Capital is a wholly-owned subsidiary of Tadawul-listed Riyad Bank. 

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