Reuters Saudi Arabia’s Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, said on Sunday it had sold the Four Seasons Hotel Toronto for a gross price of 225 million Canadian dollars ($171.8 million). The property was sold to family investment vehicles related to Shahid Khan, Pakistani-American founder of automobile parts maker Flex-N-Gate Group and …

  Reuters Saudi Arabian Mining Co (Ma’aden) said on Sunday that a subsidiary had started commercial production at a new bauxite mine and alumina refinery which could begin exporting some of its output in coming months. Production will reach maximum annual capacity of 1.8 million tonnes of alumina by early 2017, meeting Ma’aden’s domestic requirement of 1.4 million tonnes for …

  Reuters Saudi Arabia’s securities regulator has suspended trade in the shares of the kingdom’s listed telecommunications operators after the government decided to extend their licences, the Capital Market Authority (CMA) said. The CMA said it was acting after the government decided to extend the licence of Zain Saudi Arabia for 15 years, and also allow other telecommunications firms to …