KAFD acquires 51% controlling stake in Dead Sea Tourism Company

The King Abdullah II Fund for Development (KAFD) has increased its equity stake in the Dead Sea Tourism and Real Estate Investment Company to a controlling 51% share. The transaction was executed via an additional capital injection totalling JD10 million to bolster and expand the company's real estate and tourism operations. This acquisition makes KAFD the largest shareholder, surpassing previous leading institutional partners, including Emaar and the Arab Bank Group.