Preferred Stock Series | Distribution (per Preferred Share) | Distribution (per Depositary Share) |
5.45% Non-Cumulative Preferred Stock, Series P | $136.25 | $0.340625 |
6.70% Non-Cumulative Preferred Stock, Series T | $167.50 | $0.418750 |
6.30% Non-Cumulative Preferred Stock, Series W | $157.50 | $0.393750 |
6.125% Non-Cumulative Preferred Stock, Series Y | $153.13 | $0.382825 |
6.10% Non-Cumulative Preferred Stock, Series AA | $152.50 | $0.381250 |
6.15% Non-Cumulative Preferred Stock, Series BB | $153.75 | $0.384375 |
Deyaar Hands Over Mont Rose Project
FOUR SEASONS HOTEL BEIRUT SCOOPS TOP AWARDS AT HORECA 2018
ETISALAT, SINGTEL, SOFTBANK AND TELEFÓNICA CREATE GLOBAL CYBER SECURITY ALLIANCE
- Members to share cyber risk intelligence and security capabilities to protect enterprises from evolving cyber threats worldwide.
- Alliance has presence in over 60 countries, combined 1.2 billion customers, over 20 SOCs and more than 6,000 security experts.
- Combined capabilities with this Alliance would make it one of the world’s leading managed security services platform.
JPMorgan Chase Declares Preferred Stock Dividend
Martin Sorrell has stepped down as CEO of WPP with immediate effect
International Expansion Continues with Six Flags-Branded Park in Saudi Arabia
New Park Slated for 2022 Debut Will Be Part of Qiddiya, the Kingdom’s New Entertainment Destination
GRAND PRAIRIE, Texas–(BUSINESS WIRE)– Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, and the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, today announced plans to develop a Six Flags-branded theme park in the city of Riyadh. Six Flags has entered into an arrangement with the PIF to develop, design and license the Six Flags brand for Qiddiya—Saudi Arabia’s first entertainment, sports and cultural destination—which is expected to open in 2022. “Innovation is synonymous with the Six Flags brand, and our international licensing business provides a unique opportunity to continue our strong global growth,” said David McKillips, President of Six Flags International Development Company. “We see great potential in the Saudi Arabian market and look forward to collaborating with the PIF to create a world-class entertainment destination for Saudi’s young and dynamic population.” Located 40km from downtown Riyadh, Qiddiya will provide an unprecedented leisure option for the seven million plus residents of the Saudi capital. The Public Investment Fund of the Kingdom of Saudi Arabia said, “The entertainment sector has an important role to play in the transformation of Saudi Arabia’s economy. The Six Flags-branded theme park in Riyadh and other similar developments will create new employment opportunities and harness the talent, energy and imagination of Saudi youth. Our investment in this sector is in line with our mission and delivers on a key element of Vision 2030.” Michael Reininger, Chief Executive of Qiddiya, commented, “Our goal is to create an exciting one-of-a-kind destination that will draw visitors from throughout Saudi Arabia to experience record-breaking roller coasters, innovative rides and attractions, as well as the sporting and cultural facilities that Qiddiya will offer. By partnering with a global leader, we know that we are going to deliver something exceptional.” Terms of the arrangement were not disclosed. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation is the world’s largest regional theme park company with $1.4 billion in revenue and 20 parks across the United States, Mexico and Canada. For 57 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions. For more information, visit www.sixflags.com. Follow us on Twitter @SixFlags Like us on Facebook at facebook.com/sixflags About the Public Investment Fund: The Public Investment Fund (PIF) seeks to become one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. To achieve this, the PIF is building a world-class, diversified portfolio through investments in attractive, long-term opportunities across sectors and asset classes at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, the PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia, in line with Vision 2030. About Qiddiya The vision of Qiddiya is to be the iconic entertainment destination of the Kingdom, the home of activity, discovery and engagement. Backed by the Saudi Arabian Public Investment Fund, Qiddiya will be built 40km from downtown Riyadh. Visitors will have access to ground breaking recreational and educational facilities across six innovatively designed clusters: Theme Parks; Wheels and Wings; Scenic and Animal Encounters; Water and Snow; Sports; Events, Culture and Education. Groundbreaking will be in 2018, and the first phase of the development will be launched in 2022.Emaar Hospitality Group and ARADA join hands to launch three distinctive hotels in Aljada, Sharjah’s new lifestyle hub
Dubai Parks and Resorts reports another record quarter
FIRST QUARTER SALES UP 11 % AT DUBAI DUTY FREE
LAURENT A. VOIVENEL SPEAKS ON BUSINESS BEYOND 2020 AT 10TH ANNUAL GM CONFERENCE BY HOZPITALITY GROUP
DUBAI – Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India for Swiss-Belhotel International, participated today in a panel discussion on Business Beyond 2020 at the 10th Annual GM Conference by Hozpitality Group.
Addressing the gathering, Laurent stressed, “Dubai is among the top four most visited cities in the world and was recently named the ‘Rising Giant’ in the global hospitality industry. The city is rapidly emerging as a world-class leisure and entertainment destination. Expo 2020 has given a great boost for development of tourism infrastructure and attractions in the emirate which willserve as a new foundation for growth of tourism.”
According to industry experts, the legacy of Expo 2020 will expand well beyond the event. Laurent agreed and added, “The Expo is just one stop along the way. The huge investment in airports and hotels, broadening portfolio of attractions and facilities, diversification of source markets and collaboration between various business sectors are all accelerating the pace of Dubai’s growth into the future.
With this growth the competitive landscape for the hotel industry is also changing. Laurent stated, “We are in an era of shared economy. Rate pressures owing to supply and demand chain dynamics, expanding middle class in key source markets, growth of low-cost carriers, changing requirements of travellers based on changing demographics, continued challenges from OTAs, emergence of new forms of competition such as Airbnb, rapid digitalization and advancing technology are all pushing our industry towards a new ecosystem defined by collaboration, quality and consumer value.”
Laurent continued, “This change requires a new strategic approach from hoteliers – one that enables hotels to understand market trends and build the internal capabilities needed to succeed in a new environment. The more we tailor our products to offer local experiences and value for money the better conversion we can expect. There is need to build on experiential travel and hospitality.”
According to World Travel and Tourism Council statistics, Dubai’s hospitality sector is forecast to experience strong, sustained growth over the coming years, with occupied room nights set to reach 35.5 million annually in 2019, representing a robust 10.2% compound annual growth rate (CAGR) over the next 20 months.
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Swiss-Belhotel International will be present at Arabian Travel Market from 22 to 25 April on stand ‘HC1130’ in Sheikh Saeed Hall in Dubai International Convention and Exhibition Centre.
For media contact: Hina Bakht Managing Director EVOPS Marketing & PR Mob: 00971 50 6975146 Tel: 00971 4 566 7355 Hina.bakht@evops-pr.com www.evops-pr.com
About Swiss-Belhotel International Swiss-Belhotel International currently manages a portfolio of more than 145* hotels, resorts and projects located in Cambodia, China, Indonesia, Malaysia, Philippines, Vietnam, Bahrain, Egypt, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Australia, New Zealand, Bulgaria, Georgia, Italy and Tanzania. Awarded Indonesia’s Leading Global Hotel Chain for six consecutive years, Swiss-Belhotel International is one of the world’s fastest-growing international hotel and hospitality management groups. The Group provides comprehensive and highly professional development and management services in all aspects of hotel, resort and serviced residences. Offices are located in Hong Kong, New Zealand, Australia, China, Europe, Indonesia, United Arab Emirates, and Vietnam. www.swiss-behotel.com *Numbers may fluctuate