Jan 2, 2013
Prince Alwaleed Chairs Kingdom Holding Board Meeting

Prince Alwaleed: “Kingdom Holding is at its best form”

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), held a board meeting, on Sunday, December 16th 2012 at the Company’s HQ in Riyadh. The meeting was attended by the KHC Board that is comprised Eng. Ahmed Halawani, Executive Director for Private Equity, International Investments and Member of the Investment Committee, Mr. Shadi Sanbar, KHC’s CFO and Member of the Investment Committee, Mr. Sarmad Zok, Executive Director of Hotel Investments and Member of the Investment Committee, and the independent board members that comprise of Mr. Saleh Al Sagri Dr. Khaled Al-Saheem and Mr. Taher Agueel and Eng. Rasha El Hoshan. Prince Alwaleed also represented: Eng. Talal Al Maiman, Executive Director for Development and Domestic Investments and Member of the Investment Committee during the meeting in his absence. The meeting was also attended by Mr. Yasir Al Salman Assistant Executive Manager, from KHC’s Finance Department.

The board meeting was held to oversee KHC’s performance in 2012, approve 2013 budget and operation strategy. Furthermore, the meeting outlined and fortified KHC’s diversified investment strategy, long term vision for growth and development, and for future prospective investment opportunities.

Prince Alwaleed commented: “Kingdom Holding is at its best form and we will continue with our strategic projects which in return will position the Kingdom of Saudi Arabia on the world’s investment map.”

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007.  KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. KHC’s portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media, manufacturing, aviation and agriculture.