Mideast Royals Invest $680 Million In London Developer Regal
Arada Developments Executive Vice Chairman Prince Khaled bin Alwaleed bin Talal Al Saud, and Chairman Sheikh Sultan bin Ahmed Al Qasimi
Source: AradaArada Developments, co-owned by the son of Saudi Arabian Prince Alwaleed bin Talal and a member of Sharjah’s royal family, is investing 2.5 billion dirhams ($680 million) in a London real-estate developer as it expands its operations into developed markets.
Arada will have a 75% stake in London’s Regal, which has a development pipeline of homes across the UK, the Sharjah-based firm said in a statement.