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Kingdom Holding Company Announces the Appointment of Ali Tabbal as Deputy CFO

April 6, 2010

Kingdom Holding Company (KHC) announces the appointment of
Mr. Ali Tabbal as Deputy CFO for the company. He commenced employment in April, 2010.

Ali joins KHC with a deep understanding of the Group’s business and a track record of leading change to improve financial performance. He brings a global perspective and a disciplined and highly strategic approach as he comes with a wealth of experience in financial management covering several industry sectors gained in both the US and the Gulf over 16 years. Ali started his career with Chase Manhattan Bank in New York and subsequently joined Arthur Andersen’s Corporate Finance Practice. Before joining KHC, he served as the Group Chief Financial Officer for Dubai Holding, an investment holding company based in Dubai. During his tenure with Dubai Holding, he was responsible for the group’s strategy and financial planning, financial reporting and group wide treasury areas as well as ensuring compliance with corporate governance and group policies.

Ali holds a Masters Degree in Financial Economics and completed his undergraduate work with a Bachelor of Science Degree in Economics.

Shadi Sanbar, KHC’s CFO and a member of its Investment Committee commented, “Ali will be an excellent addition to the management team as he will be bringing with him his extensive experience and an impressive track record. I welcome him on board.”