Saudi freeze in Canada likely of little impact

in english/The Daily Star/اقتصاد

Saudi Arabia’s decision to halt new investments and unload assets in Canada is likely to have limited impact, even as the kingdom’s foreign minister threatens more action. Saudi assets in Canada are confined mainly to stakes in upscale hotel operators, some small stock holdings in firms like Canadian National Railway Co., and grain facilities. Most investments have been made by Saudi billionaire Prince Alwaleed bin Talal through his Kingdom Holding Co., a Riyadh-based conglomerate with investments in hotels, real estate and equities…

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