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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Arabia's PIF, Cain Invest $900 Mln in Hotelier Aman Group

Cain Aman PIF Aman Group Saudi Arabia Cain International Luxury London
Saud Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International said they had invested $900 million in luxury hotel group Aman.

Saud Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International said on Monday they had invested $900 million in luxury hotel group Aman, which Cain said valued Aman at $3 billion.

The PIF and Cain said, in separate announcements, the investment would support Aman Group's "global expansion of ultra-luxury hotels and branded residences."

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