Apr 29, 2014
Prince Alwaleed Receives Letter from Sheikh Khalid, King of Bahrain’s Son

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, Chairman of Kingdom Holding Company (KHC), received members of the Bahrain Athletics Association, that included Colonel Mohammed Jalal, Vice chairman and Mr. Yousif Ahmad, General Manager. The meeting was also attended by Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.

The two discussed the latest updates of the Association and its achievements. The Prince stressed the need to support sports and the athletes as well as the development of clubs and to encourage the young generation to hone its athletic skills and invest their time in useful activities.

Furthermore, Colonel. Jalal presented Prince Alwaleed with a letter from Shaikh Khalid Bin Hamad Al-Khalifa, Chairman of the Board of Directors of the Bahrain Athletics Association. This comes as the Bahrain Athletics Association has achieved a number of achievements in a number of tournaments locally, regionally and globally.

In conclusion to the event, Colonel Mohammed Jalal thanked Prince Alwaleed for his support and his constant encouragement to clubs and sport federations.

Recently, Prince Alwaleed attended the Formula-1 Race that took place at the Bahrain International Circuit with HRH Prince Salman Bin Hamad Al Khalifa, Crown Prince of the Kingdom of Bahrain. Prince Alwaleed was received at Bahrain International Airport by HE Sheikha Mai Bint Mohammed Al Khalifa, Bahrain’s Minister of Culture who also bid His Highness farewell at the end of the visit. In conclusion, Prince Salman thanked Prince Alwaleed for his response to the invitation. Also during HRH’s visit to Bahrain, Prince Alwaleed attended the 22nd Annual Heritage Festival with HE Sheikha Mai Bint Mohammed.

Also during the Prince Alwaleed’s trip to Bahrain, His Highness visited Rotana media offices that is chaired by HRH and Alarab News Channel headquarters that is owned by HRH at Bahrain World Trade Centre. His Highness was received by State Minister for Information Affairs Samira Ibrahim Bin Rajab and Information Affairs Authority President Ali Mohammed Al Rumaihi. Prince Alwaleed met with Alarab and Rotana management who briefed HRH on the latest developments at their respective entities.

Alarab is a 24-hour channel which will target Arabic-speaking viewers across the Arab world and beyond. Prince Alwaleed also announced an agreement with Bloomberg LP in which Bloomberg will support the creation of five-hours of financial and economic news programing throughout the day on the channel. The Alarab news channel is an independent venture from Kingdom Holding Company and the Rotana Group and is privately owned by Prince Alwaleed.

KHC’s presence in Bahrain is through its indirect investments in the banking sector through Citigroup which has been operating in Al Manama for the past 40 years, and in the hotels sector through Mövenpick hotel in Bahrain that is managed by Mövenpick Hotels and Resorts in which KHC owns a 33.3% stake. In addition, the Four Seasons hotel in Bahrain will be opening soon, managed by Four Seasons Hotels and Resorts in which KHC holds a 47.5% stake and is co-owned by Bill Gates’ Cascade in which the company also holds a 47.5% stake, and 5% of the Four Seasons is owned by Isadore Sharp, the Company’s Chairman. In addition, the opening of the Four Seasons Hotel in Manama will take place in the near future.