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1. IFA Hotels & Resorts launches Fractional Ownership Product
IFA Hotels & Resorts launches Fractional Ownership Product. IFA Hotels & Resorts (IFA HR) has launched one of the Middle Eastís first Private Residence Clubs, Fairmont Heritage Place, Kingdom of Sheba, on the Crescent of The Palm Jumeirah island in Dubai.
2. IFA Hotels & Resorts enters Namibia with JV valued at US$ 75 million
IFA Hotels & Resorts enters Namibia with JV valued at US$ 75 million. IFA Hotels & Resorts is entering the Namibian hospitality market through a joint venture agreement with the Ohlthaver & List group of companies, a leading private sector group in Namibia. The joint venture is valued at approximately US$ 75 million. Through the venture, IFA HR has also introduced five star luxury
3. IFA Hotels & Resorts acquires 24.9% of Bangkok based Luxury Condominium and Real Estate Developm
IFA Hotels & Resorts acquires 24.9% of Bangkok based Luxury Condominium and Real Estate Development Company. IFA Hotels & Resorts recently expanded its global presence by acquiring approximately 24.9% of Raimon Land Plc, a Bangkok based luxury condominium and real estate development company listed on the Stock Exchange of Thailand (SET). The acquisition is valued at approximately U
4. Record Profits for IFA Hotels & Resorts
Record Profits for IFA Hotels & Resorts. IFA Hotels & Resorts has reported year end profits of KD 37.46 million (US$ 143 million), which is 111 fils per share (42 cents per share), an increase of 64% compared to the same period last year. Total revenues increased to US$ 211.47 million during 2008 compared to US$ 113.88 million in 2007, an increase of 86%. Shareholders' equity also
5. Executive Appointments at IFA Hotels & Resorts
IFA Hotels & Resorts board members have elected Ibrahim Saleh Al-Therban as the company's new Chairman and Talal Jassim Al-Bahar as Vice Chairman and Managing Director. Elected board members are Abdulwahab Ahmad Al-Nakib, Abeyya Ahmed Al-Qatami, Werner Burger and James Wilson.. Executive Appointments at IFA Hotels & Resorts
6. IFA Hotels & Resorts to launch US$ 1 billion Luxury Resort on The Palm Jumeirahís Crescent
IFA Hotels & Resorts to launch US$ 1 billion Luxury Resort on The Palm Jumeirahís Crescent. IFA Hotels & Resorts, international leaders in the development of premier mixed-use hotel and tourism resort projects, is launching one of the largest projects on The Palm Jumeirahís Crescent - Kingdom of Sheba. The resort covers 141,500 sq. metres in a prime location on The Crescent of The
7. IFA Hotels & Resorts Increases Stake in Thailandís Raimon Land
IFA Hotels & Resorts Increases Stake in Thailandís Raimon Land. IFA Hotels & Resorts recently acquired an additional 14.92% stake in Raimon Land, a Bangkok based luxury condominium and real estate development company, increasing IFA HR's ownership in Raimon Land to 41.07%.
8. IFA Hotels & Resorts and Nakheel to develop US$1 Billion Resort on Palm Jumeirah
IFA Hotels & Resorts and Nakheel to develop US$1 Billion Resort on Palm Jumeirah. IFA Hotels & Resorts (IFA HR) has entered into its second joint venture partnership with Nakheel with the acquisition of two plots of land adjacent to the Kingdom of Sheba resort located on the Crescent of Palm Jumeirah in Dubai. The new resort will be an extension of the Kingdom of Sheba and is value

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