Saudi Wealth Fund Acquires Minority Stake in Rocco Forte Hotels

Luxury hotel company Rocco Forte announced today that the Saudi Public Investment Fund (the sovereign wealth fund of the Kingdom) has agreed to purchase a minority stake from the Italian investment firm CDBI, which is seeking to sell its entire stake. The hotel company added that the founders Rocco Forte and his sister Olga Polizzi will retain their positions as CEO and Vice President, respectively.