Saudi Investor Named As Mystery Buyer Of Evening Standard Stake
UK reports name Sultan Mohamed Abuljadayel as man behind deal for 30% stake in London newspaper group
The free London newspaper is edited by former UK chancellor George Osborne, and is majority owned by Lebedev Holdings.
The mystery buyer of a stake in the parent group of London newspaper, the Evening Standard, has been named as Saudi investor Sultan Mohamed Abuljadayel.
UK media reports, citing people with knowledge of the deal, said Abuljadayel has bought a stake of 30 percent for about £25 million.
The free London newspaper is edited by former UK chancellor George Osborne, and is majority owned by Lebedev Holdings, the corporate vehicle of Evgeny Lebedev.
Reports added that Abuljadayel two years ago bought a similarly sized stake in the Independent, a digital-only title that was acquired by Lebedev’s father, Alexander.
Abuljadayel is reportedly associated with NCB Capital, the investment banking arm of Saudi Arabia’s National Commercial Bank.
The purchase of the stake is the latest push into western media by a Saudi investor. In 2015, NCB Capital acquired a controlling stake in the Saudi Research and Marketing Group, a publisher with links to King Salman’s family.
For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
First Abu Dhabi Bank Opens New London Branch, Marking 48 Years In The UK
FAB first entered London through its predecessor National Bank of Abu Dhabi, and the city now serves as a hub for priva... Read more
Estithmar Holding Net Profit Doubles To $128mn In H1 2025
Doha-based investment firm posts revenue of QAR 3.073 billion as international expansion drives growth Read more
UAE Central Bank Follows Fed Lead And Maintains Base Rate At 4.4%
Also decides to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the Ba... Read more
Joyalukkas Secures AED500m Capital Boost From Emirates NBD For Global Expansion
The deal is fully integrated with Emirates NBD’s advanced digital and trade platforms, offering Joyalukkas real-time ... Read more
UAE Central Bank Suspends Foreign Insurers Motor Business Over Solvency Issues
The CBUAE cited the entity's non-compliance with solvency and guarantee requirements specified in the Law and prevailin... Read more
Standard Chartered Launches UAEs First Sustainable Escrow And Account Bank Solution
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available... Read more