Kingdom Holding Company (“KHC”), Saudi Arabia’s number one company, and one of the world’s most successful and diversified international investment groups, following the audit of its year-end 2006 accounts, today announces that its total consolidated assets have risen to approximately US$24.65 billion (SR 92.44 billion)
On its way to building the biggest and most diverse business group in the world, KHC also announced that its portfolio has exceeded many international market indices with bold concentrated bets and a keen eye for future potential which has delivered outstandingly high and consistent returns. For example, the average return on investments over the last 16 years is 20% – a staggering figure for long term investment and one which has outperformed the MSCI and the Standard & Poors (“S&P”) global indices by more than 10% over the same period.
Chairman of KHC, HRH Prince Alwaleed Bin Talal commented: “Seeing KHC grow to what it has become has been wonderfully exciting and rewarding, but all that is history. KHC is always looking to the future, looking to extend its horizons wider and further than ever before, produce even greater success, push our frontiers and deliver a business model that outperforms on a commercial and philanthropic level. With the continued support of our excellent team, who share my passion for our future, we are looking forward to the next quarter century of success and continued leadership. As I have said before – If I’m going to do something, I do it spectacularly or I don’t do it at all.”
KHC was founded in 1980 where initially the Company focused on construction activities, housing development and educational projects. Today, KHC is one of the worlds most successful and diversified business organizations, highly respected in the field of investment and recognised as an elite player in the Arabian Gulf region and internationally.
KHC’s portfolio is predominantly focused on three key growth value added sectors; banking & financial services, real estate and hotels and hotel management, although KHC also has interests the Technology Media and Telecommunications, retail, tourism, consumer and healthcare and industrial sectors. The portfolio contains many famous brands including Citigroup, Samba, Savola, NIC, SRMG, Fairmont Raffles Hotels, Four Seasons Hotels, MovenPick Hotels & Resorts, News Corporation, Time Warner, Songbird Estates (Canary Wharf, London), Apple, PepsiCo, Procter & Gamble, Hewlett Packard, Motorola, Walt Disney Co and Eastman Kodak. In addition to its public company activities, KHC is also extremely active in the area of private equity in Saudi Arabia and developing markets within the Middle East, Africa and Asia.
KHC’s spectacular investment success has been driven in large part by KHC’s bold, concentrated, perceptive investments in high-quality businesses with undervalued assets and a belief that long-term view is appropriate for most investments. The dramatic growth and turnaround shown by KHC’s portfolio companies is a validation of KHC’s careful evaluation methods and investment decision making process. KHC’s enviable success is also a reflection of the depth and expertise of its management team which operates under world class corporate governance standards and is distinguished by its leading international business practices.
Despite its international presence, KHC has continued to invest in its local market not just commercially in the banking, hotel and construction sectors but also in health, education and social services in order to give something back to Saudi Arabia. Prince Alwaleed and Kingdom Foundation, the Prince’s philanthropic and humanitarian aid foundation, are one of the region’s most generous supporters of health, humanitarian and educational causes, building schools, hospitals, development projects, mosques, housing for the poor and other humanitarian projects throughout Saudi Arabia and the rest of the Arab world.