At a recent press conference, Talal Al Bahar, Chairman and Managing Director of IFA Hotels & Resorts announced the company's listing on the Kuwait Stock Exchange.
"This listing is the first step of our plan to list on other markets in the near future. IFA Hotels & Resorts’ revenue is expected to increase from US$ 157 million to US$ 625 million from 2005 to 2008, with profits increasing from US$ 13 million to US$ 173 million," said Al Bahar.
"IFA Hotels & Resorts’ brand acquisition and developer partnerships will continue into the future as part of our growth strategy. We are conscious that our success has been built through mutually beneficial alliances with our world class strategic partners and we will carry on growing these relationships."
"We have also listed IFA Hotels & Resorts on South Africa's Johannesburg Stock Exchange (JSE) in February 2006.We are confident of our future plans to expand into markets in the hospitality and real estate sectors in the US, the UK, Croatia, Mauritius, the Maldives and the Far East,” Talal Al Bahar added. |
 IFA Hotels & Resorts takes part in a number of carefully selected property and investor related exhibitions globally. During the early part of this year, IFA Hotels & Resorts was present at ‘Home Owner Dubai’ - Madinat, Jumeirah, Dubai; ‘Dubai Property Show’ in London; ‘Dubai Desert Classic’ and will be exhibiting at other international exhibitions. Please visit our website for more information |
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