Saudi wealth fund to buy significant stake in luxury hotel chain Rocco Forte

Saudi wealth fund to buy significant stake in luxury hotel chain Rocco Forte

Riyadh, Saudi Arabia's capital and main financial hub. Photo by ekrem osmanoglu on Unsplash.

Saudi Arabia’s sovereign wealth fund will buy a “significant” minority stake in luxury hotel group Rocco Forte Hotels and expand into various markets, the owner of the UK’s Balmoral hotel said on Monday.