First Capital bank to exit Kingdom Hotel with $30 million sale to ASB Hospitality LLC
First Capital Bank has announced it has agreed to sell its entire shareholding in Makasa Sun to ASB Hospitality LLC of the United Arab Emirates in a transaction valued at $30 million. The deal, confirmed in a press statement issued on November 19, 2025, will see First Capital Bank and its co-shareholder, the First Capital … First Capital bank to exit Kingdom Hotel with $30 million sale to ASB Hospitality LLC













