Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced Sunday the sale of its almost 30-percent share in a press group that publishes pan-Arab newspaper Asharq Al-Awsat. Kingdom Holding said in a statement that it was selling its 29.9% share in the Saudi Research and Marketing Group (SRMG) for 837.3 million riyals ($223 million dollars).
SRMG publishes several leading newspapers and magazines, including the London-based Asharq Al-Awsat and the economic daily Al-Eqtisadieh.
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