KEC, Archipelago set up new Saudi hotel management JV

03/12/2025 04:36 AST

Saudi Arabia's Knowledge Economic City (KEC) has announced that it has signed a joint venture agreement with Archipelago International Indonesia, a leading hotel management group in Southeast Asia, to establish a hotel management and operations company.

As per the deal, Archipelago will manage and operate hotels within KEC and may undertake additional hotel management activities elsewhere in Saudi Arabia subject to mutual agreement, said KEC in its filing to Saudi bourse Tadawul.

The duration of the venture will be set in the company's Articles of Association once it is formed, it stated.

Founded in 1997, Archipelago International Indonesia is Southeast Asia's largest privately owned hotel management group, with more than 45,000 rooms and residences in over 200 locations across Latin America, the Caribbean, the Middle East, and Oceania.

A trusted hotel company with a long track record and award-winning brands including Aston, The Royal Alana, Huxley, Kamuela, Avanika, Harper. Archipelago is now moving into other markets across the globe such as Australia, the Middle East, and South America.

KEC said the partnership aims to strengthen its capabilities in hotel and hospitality facilities management and support the development of a new brand to enhance quality and sustainability across its hospitality portfolio.

On the financial impact, KEC said it will be reflected in its share of profits from operating revenues generated through hotel management.


Trade Arabia

News

Knowledge Economic City showcases $6.3bn Madinah vision at FHS 2026

23/06/2026

Knowledge Economic City (KEC), the publicly listed master developer leading Madinah's urban transformation, announced its participation as Strategic Partner at Future Hospitality Summit (FHS) Saudi A

Trade Arabia

Knowledge Economic City announces the Appointment of CEO

06/01/2014

Knowledge Economic City Company announces the appointment of Engineer Ibrahim Ahmed bin Mohammed Al Balushi as Chief Executive Officer for the company effective 05/04/1435H corresponding to 05/02/201

Tadawul

KEC announces its consolidated interim financial results

21/04/2013

Knowledge Economic City Company - KEC announces its consolidated interim financial results for the period ended 31/03/2013:

1.Net loss during the first quarter amounted to SAR 8.1 million,

Tadawul

Most Viewed Companies

Ticker Price Volume

Valuation

KEC Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MASAR 18.48 1.68 (10.00%)
DARALARKAN 18.48 1.01 (5.78%)
MCDC 90.50 2.55 (2.89%)
JABALOMAR 15.20 0.56 (3.82%)
CENOMICENTERS 17.07 -0.01 (-0.06%)

Recent News

Takween Advanced Industries Unveils Capital Restructuring Plan

24/06/2026

Takween Advanced Industries (Tadawul: 1201) has announced that its Board of Directors, in a meeting held on June 23, 2026, resolved to recommend a significant restructuring of the company's capital.

Borsatalkhaleej

NBK's exclusive offer for new Jawhara customers: KD 50 and a chance to become a millionaire

24/06/2026

National Bank of Kuwait (NBK) has launched an exclusive offer for new customers, enabling them to open an Al-Jawhara account seamlessly through the NBK Mobile Banking App, without the need to visit a

Kuwait Times

Action Energy Co appoints KIC as market maker to enhance share liquidity

24/06/2026

Action Energy Company KSCP. (listed on the Premier Market of Boursa Kuwait: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fl

Kuwait Times

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap