€1.50
THURSDAY 8 DECEMBER 2022 • ISSUE 184
WWW.BUSINESSTODAY.COM.MT
INTERVIEW PAGES 4 & 5
PAGE 3
PAGE 3
Corinthia to build hotel
in Saudi Arabia €16b
destination project
Malta's maritime
industry's time of
reckoning
Bank of Valletta
issues €350 million
callable senior non-
preferred notes
PAUL COCKS
INTERNATIONAL Hotel Investments
p.l.c. has announced that its operat-
ing arm Corinthia Hotels Limited has
signed an agreement with Diriyah Gate
Development Authority (DGDA), to
open a hotel in 2025 in Diriyah, Saudi
Arabia.
In traditional Najdi style, Corinthia
Hotels will build a mudbrick 80 key ho-
tel, 10 residential serviced villas, with
two specialty restaurants, forming part
of their five dining outlets.
e project forms part of the wider de-
velopment of Diriyah, which is being re-
generated into the Kingdom's foremost
historical, cultural and lifestyle destina-
tion.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 7 Dec 2022
Number of Trades: 51
Turnover: € 457,618.55
MSE TRX Index: 7,461.31
Change: -0.0261%
Name: 3.5% BOV SUB NTS
MT0000021320 - Currency €
Last Traded: 7 Dec 2022
Price 84.000
Change +2.000
US Dollar 1.0388
British Pound: 0.86477
Japanese Yen: 144.59
Australian Dollar: 1.5451
Swiss Franc: 0.98700
7,587.67
75.67
7,592.39 / 7,512.00
Value
Net variation
High / Low
+1.01%
16 of the world's most prestigious hotel brands will have a presence at Diriyah
