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BUSINESS TODAY 8 December 2022

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€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

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